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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.
In the post-pandemic era, new and innovative strategies in learning and development (L&D) are being introduced and implemented across various industries. These emerging L&D processes and practices profoundly demonstrate how organizations are adapting to an ever-evolving environment. Stakeholders have experienced the impact of these workplace learning initiatives, which are revolutionizing how employees acquire knowledge and skills. Human Resources (HR) and L&D professionals play a huge part in driving the transformational shift in the learning landscape, strengthening its alignment with business strategies and goals as well as balancing in prioritizing employee skills and human development, placing them at the center of their learning strategies.
Key L&D trends for 2024 and beyond include intensified virtual training programs, blended learning, microcredentialing, personalized learning pathways, gamification, generative AI tools, immersive technologies, emotional intelligence integration, and more. Understanding these shifts is crucial in fostering a strong long-term foundation for a successful, growth-oriented workplace.
One-size-fits-all approach
The 2023 survey conducted by TalentLMS and Vyond reveals that 80% of employee respondents value L&D programs customized to their future professional growth and specific skill requirements. Employees do not like a one-size-fits-all approach, as it frequently fails to address their unique goals. Individualized approaches to learning are becoming increasingly important in 2024 and beyond. However, this does not imply that the entire responsibility for training falls solely on employees. Instead, L&D practitioners should remain accountable for developing and managing impactful learning experiences. It is important to acknowledge that not everyone has a clear vision of where they want to go in their career. As employees take on the role of individual curriculum curators, L&D teams serve as facilitators of the curation process, guiding and supporting them as they navigate their career paths.
The year 2022-2023 saw a record-high spending on formal training. But does this mean organizations achieved a strong result in terms of learning outcomes? In many cases, the answer falls short of justifying L&D’s return on investment (ROI) targets. While employees received training, nearly half felt it was insignificant, and its application proved unsuccessful. According to ADP Research Institute/People at Work 2024, “less than 50% of workers think their employer invests in skills they need to advance.” The number of training hours and the associated costs do not guarantee effectiveness. L&D strategies should address the diverse learning needs of employees and understand what they truly want to gain from the training. At the same time, these strategies should provide employees with the right resources, time, and space to put their newly learned skills into practice.
In addition, the use of metrics and analytics to assess employee competency requirements and training effectiveness can help L&D practitioners design more targeted programs. By leveraging hard data, L&D teams derive actionable insights to develop strategies that align and drive business outcomes.
AI in workplace learning
Digital learning has significantly evolved since the pandemic, with the latest L&D systems offering skills-based learning tailored to individuals’ career growth, upskilling, and reskilling needs while fostering social interaction and team collaboration. Many leading learning platforms have now incorporated generative AI in their digital applications, enhancing both the delivery and effectiveness of the L&D programs. Utilizing AI-powered platforms leads to improved results for learners, both in terms of motivation and personal achievement.
Current research indicates that business leaders are seeking ways AI technologies can enhance their technical training and development programs by making them more accessible, streamlined, and personalized. Additionally, they aim to train employees on generative AI tools to boost productivity. The discussion in the L&D space has shifted from what AI can do to what AI should do. AI and automation are indeed primary drivers of the learning environment, augmenting several core L&D activities. There is no slowing down the pace of AI-driven innovations in the learning and development arena.
Engaging and agile strategies
Effective learning requires a practical mix of structured training and informal social learning. Is your organization relying too heavily on virtual training courses? This could signal the need to revisit your L&D roadmap and consider revamping your strategies. These generic training initiatives often lack the engaging, interactive, and hands-on elements critical for long-term knowledge retention and internal upskilling. Such activities allow training participants to be directly involved in their learning. Knowledge sharing, retention, and transfer practices in the workplace should be high with hands-on applications.
The market increasingly demands highly skilled individuals, prompting organizations to equip their employees with the essential skills needed for success. However, many L&D initiatives have fallen short of meeting this requirement, struggling to provide the speed and capability needed for rapid skill development. Traditional training formats, commonly created in a one-size-fits-all approach, are becoming increasingly outdated. Skills-based training content developed over weeks or months typically has a limited shelf life and fails to address the immediate, evolving needs of the workforce.
It is good practice to implement more flexible, personalized, and data-driven learning interventions by integrating agile methods that facilitate continuous learning and real-time skill development while fostering peer-to-peer collaboration and hands-on experiences to increase engagement and retention. Therefore, L&D teams should actively manage the development of training content, ensuring it is strategically designed to meet both the organization’s immediate needs and the broader industry trends and external market influences.
Emotional intelligence matters
Today, L&D strategies do not primarily focus on developing personalized learning programs but on nurturing an emotionally intelligent, resilient, and agile workforce. Can emotional intelligence be trained? Yes, just like other skills. With the widespread adoption of work-from-home and hybrid work models and the accelerated pace of technological advancements, emotional intelligence (EI) is no longer an optional competency for individuals to thrive in modern, dynamic, and complex work environments.
Strengthening the human touch in the workplace requires bridging the gap in this soft skill. There are various emotional intelligence gap assessment tools for HR & L&D teams to measure this gap within the workplace. It is essential to integrate and prioritize emotional intelligence in L&D strategies and execute programs through EI workshops, coaching sessions, and mindfulness and relaxation techniques. Teach employees how to manage their emotions, practice empathy by understanding the feelings of others, and cultivate self-awareness regarding their feelings.
As we move into 2025, the need for strategic decision-making in learning and development will only intensify. It is crucial to reprioritize workforce growth and skills development to stay ahead of the curve. Build stronger relationships with external training experts to access specialized knowledge and resources. Equip employees with the skills and knowledge that will serve them throughout their careers. Transform into a great learning organization and become a magnet for top talent, fostering a culture of continuous growth and innovation.
As published in Mindanao Times, dated 22 December 2024