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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
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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.
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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.
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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.
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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.
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Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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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
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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.
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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.
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In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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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.
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Fresh Graduates
Fresh Graduates
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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.
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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.
TWO hundred and seventy-four days since the pandemic took over and changed the lives of many in drastic ways. The health contagion’s aftermath has led to a revision of plans due to the continuous postponement of licensure exams, arduous struggles of applying for jobs, and waves of panic and anxiety. At this pace, we can’t help but be skeptical if there’s still an opportunity that awaits us even if we are now walking through a thin line of certainty.
A hundred and six days. Notification alerts buzz early in the morning as review rooms begin to be filled by diverse reviewees who all have the same goal – to pass the licensure examination and get that three-letter title. Most of us are having heated preparations as the board exam date draws near. Many also experience a variety of emotions as they are about to face the last phase of their journey. The last phase. This is it.
Fifty-seven days. The global economy was stirred with uncertainty when the coronavirus that surfaced in a Chinese seafood and poultry market in December 2019 spread to nearly every country, upending life, derailing the global economy, and taking millions of lives all over the world. Preventive precautions have been set by governments by imposing nationwide lockdowns. This highly affected not just the industry of business but also the academe. Academic and review classes were conducted via online platforms. With this, we are now on wit’s end and in a quandary given that there is a probability of postponement of the board exams.
Preparations and schedules became more hectic as exam takers struggle to reach their goals in this unnerving pandemic. While many seem hopeful and exude an aura of confidence, doubts still surface fueled by the uncertainty on whether the exams will push through and if there is a need to reconsider plans already made. Most of us became apprehensive about the odds and possibility of conducting the examination in the middle of this pandemic, a time when people are already at the peak of hoarding survival kits to avoid getting the virus. We were left distressed for everything did not go according to plan. The effects of the pandemic became one of the challenges we have to hurdle , challenges that altered the way we live.
Because of this, we must step up our game by continuously applying for jobs. In my experience, I patiently waited for employers’ responses for months since most of the companies began to implement freeze hiring and layoffs. I also had a hard time applying for jobs since employers are looking for experienced applicants and I am still a fresh graduate. The struggle was indeed arduous, to the point that giving up became a bittersweet thought for me. With the consecutive postponements of the licensure examination, exam takers like me walk through a thin line of uncertainty if things will still pan out well for us.
Then, I became part of P&A Grant Thornton. I will always be grateful for the opportunity that the Firm has given me. P&A is among the auditing firms that invest in the skills of CPAs in the making. I can’t even contain my joy for the unexpected blessing that came after months of enduring job rejections. At first, I was hesitant to be part of the team, crippled by thoughts that I’m not good enough and that I don’t have the necessary skills to be a good addition to the Firm. But then again, I decided to be part of this for this can be an avenue for me to learn through my experiences. As I, along with my junior colleagues, venture out through the reality of the auditing profession, P&A continues to show me how to embody the qualities of a competent professional by adhering to the company’s culture and the growth that it instills in its employees. Also, through our respective managers and seniors, they mold our technical skills by letting us have firsthand experience dealing with clients in various business industries. As we await our board exams, it is a great investment also for us since we are also updated on the recent amendments of the standards including the latest one which is the signing into law of the CREATE Bill.
Four hundred and nine days have gone by since the start of the pandemic which detoured our plans. In defiance of the situation we are in, we must see things with a hopeful prospect that these are all in accordance with God’s plan for us. Uncertain as it seems, one thing is for sure –there’s always an opportunity in every corner. Dreams delayed are not dreams denied.
So, if you happen to know a deferred CPA, give them a pat on the back because they deserve it.
As published in Mindanao Times, dated 17 May 2021