-
Audit approach overview
Our audit approach will allow our client's accounting personnel to make the maximum contribution to the audit effort without compromising their ongoing responsibilities
-
Annual and short period audit
At P&A Grant Thornton, we provide annual and short period financial statement audit services that go beyond the normal expectations of our clients. We believe strongly that our best work comes from combining outstanding technical expertise, knowledge and ability with exceptional client-focused service.
-
Review engagement
A review involves limited investigation with a narrower scope than an audit, and is undertaken for the purpose of providing limited assurance that the management’s representations are in accordance with identified financial reporting standards. Our professionals recognize that in order to conduct a quality financial statement review, it is important to look beyond the accounting entries to the underlying activities and operations that give rise to them.
-
Other Related Services
We make it a point to keep our clients abreast of the developments and updates relating to the growing complexities in the accounting world. We offer seminars and trainings on audit- and tax-related matters, such as updates on Accounting Standards, new pronouncements and Bureau of Internal Revenue (BIR) issuances, as well as other developments that affect our clients’ businesses.
-
Tax advisory
With our knowledge of tax laws and audit procedures, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
Corporate services
For clients that want to do business in the Philippines, we assist in determining the appropriate and tax-efficient operating business or investment vehicle and structure to address the objectives of the investor, as well as related incorporation issues.
-
Tax education and advocacy
Our advocacy work focuses on clarifying the interpretation of laws and regulations, suggesting measures to increasingly ease tax compliance, and protecting taxpayer’s rights.
-
Business risk services
Our business risk services cover a wide range of solutions that assist you in identifying, addressing and monitoring risks in your business. Such solutions include external quality assessments of your Internal Audit activities' conformance with standards as well as evaluating its readiness for such an external assessment.
-
Business consulting services
Our business consulting services are aimed at addressing concerns in your operations, processes and systems. Using our extensive knowledge of various industries, we can take a close look at your business processes as we create solutions that can help you mitigate risks to meet your objectives, promote efficiency, and beef up controls.
-
Transaction services
Transaction advisory includes all of our services specifically directed at assisting in investment, mergers and acquisitions, and financing transactions between and among businesses, lenders and governments. Such services include, among others, due diligence reviews, project feasibility studies, financial modelling, model audits and valuation.
-
Forensic advisory
Our forensic advisory services include assessing your vulnerability to fraud and identifying fraud risk factors, and recommending practical solutions to eliminate the gaps. We also provide investigative services to detect and quantify fraud and corruption and to trace assets and data that may have been lost in a fraud event.
-
Cyber advisory
Our focus is to help you identify and manage the cyber risks you might be facing within your organization. Our team can provide detailed, actionable insight that incorporates industry best practices and standards to strengthen your cybersecurity position and help you make informed decisions.
-
ProActive Hotline
Providing support in preventing and detecting fraud by creating a safe and secure whistleblowing system to promote integrity and honesty in the organisation.
-
Accounting services
At P&A Grant Thornton, we handle accounting services for several companies from a wide range of industries. Our approach is highly flexible. You may opt to outsource all your accounting functions, or pass on to us choice activities.
-
Staff augmentation services
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
-
Payroll Processing
Payroll processing services are provided by P&A Grant Thornton Outsourcing Inc. More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department.
-
Our values
Grant Thornton prides itself on being a values-driven organisation and we have more than 38,500 people in over 130 countries who are passionately committed to these values.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
Learning & development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day. And when you are at your best, we are the best at serving our clients
-
Global talent mobility
One of the biggest attractions of a career with Grant Thornton is the opportunity to work on cross-border projects all over the world.
-
Diversity
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
-
Fresh Graduates
Fresh Graduates
-
Students
Whether you are starting your career as a graduate or school leaver, P&A Grant Thornton can give you a flying start. We are ambitious. Take the fact that we’re the world’s fastest-growing global accountancy organisation. For our people, that means access to a global organisation and the chance to collaborate with more than 40,000 colleagues around the world. And potentially work in different countries and experience other cultures.
-
Experienced hires
P&A Grant Thornton offers something you can't find anywhere else. This is the opportunity to develop your ideas and thinking while having your efforts recognised from day one. We value the skills and knowledge you bring to Grant Thornton as an experienced professional and look forward to supporting you as you grow you career with our organisation.
Branding alone cannot promote tourism
05 Apr 2017“To travel is to live.” This famous quote from Hans Christian Anderson inspired millions of people to travel abroad and live the life, turning tourism into one of the most profitable industries for more than a hundred years.
The Philippines is one of the countries that have benefitted from tourism. The government sees tourism as one of the highest drivers of its economy. The Philippine Statistics Authority’s reports show that the tourism sector contributed 8.2 percent to the economy in 2015; that year’s total of PhP1,093.1 billion is higher by 14.8 percent than the previous year’s PhP952.2 billion.
The country has beautiful islands and beaches, good tropical weather, lush mountains, tasty food and hospitable people. It is also the most accessible when it comes to English as 90 percent speak the international language. Philippines was even tagged as one of 2015’s best retirement places in the world by Forbes Magazine.
In 2014, the country attracted around 4.8 million tourists, according to the United Nations World Tourism Organization.
The challenge now is how the country can capitalize on these while there are still opportunities that can be grabbed in the tourism and travel sector and also how can the country maximize the industry’s potential for growth.
Recently, however, there is a recent move to change the slogan, “It’s more fun in the Philippines” as part of the new tourism department’s campaign to reflect the platforms of the current administration and still promote the attractiveness of the country to visitors. But proper branding is not even the most immediate tourist concern.
Although the Philippines boasts a wealth of natural resources, it still needs to improve in many aspects especially in the areas of doing business, safety and security, health and hygiene, infrastructure, and information and communications technology.
On doing business. Despite the efforts of government agencies to smoothen and ease the conduct and establishment of business here , the whole process remains relatively costly and burdensome. In fact, the Philippines has dropped a few notches in the World Bank’s Doing Business ranking. Hopefully, this will change as the government ventures into automation to improve delivery of services to encourage more information technology and business process outsourcing companies to set up here.
On safety and security. Just last year, the United States issued a travel warning for the Sulu area due to terrorism. Currently, the anti-drug violence campaign has resulted in numerous deaths that may affect the country’s attractiveness to tourism. This even prompted the Tourism Secretary to appeal to the media to “tone down” reports on extrajudicial killings to help boost tourism in the country.
On sanitation. Clean environment, proper disposal of waste, and good toilet facilities are basic to public health and tourism and may influence a country’s reputation as a tourist destination. Unfortunately, in the Philippines, there is public areas and tourist hot spots that are wanting in sanitation.
On infrastructure. The present condition of Philippine airports is still problematic. The necessity to improve both international and domestic airports in the country is readily apparent. Thankfully, the upgrade of secondary international airports in Clark, Mactan, and Bohol are already in progress. However, most options for ground and sea transport remain limited, and the routes to most tourist destinations remain undeveloped.
On information and communications technology. The local cost of Internet access is one of the highest in the world despite the relatively slow broadband speed. The telecommunications industry is largely monopolized by a few major providers. The plan to provide a nationwide free Wi-Fi is yet a very remote possibility.
Overall, efforts to develop the Philippines’ growing tourism sector must touch on addressing a number of the country’s basic problems. In this way, the focus should not only be simply branding or creating a catchy slogan but ultimately improving the conditions that would make the Philippines a better place to visit.
Atty. Charity P. Mandap-de Veyra is a tax manager at the Cebu and Davao Branches of Punongbayan & Araullo. P&A is a leading audit, tax, advisory and outsourcing services firm and is the Philippine member of Grant Thornton International Ltd.
As published in Mindanao Times, dated on 5 April 2017