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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.
Moving Forward
09 Jan 2017WE JUST bade farewell to 2016 and joyously and simultaneously welcomed 2017. New Year’s Day is celebrated around the globe full of high hopes for a fresh start. Traditionally, New Year’s Day is the time to job down resolutions and aspirations for the year. But in this age, what we do is go online to post on social media our “New Year, new me” resolutions ranging from relational to personal to physical: everything aimed at hoping for a better version of one’s self. I was scrolling down my newsfeeds on Facebook and I found it hilarious how others post throwbacks from the previous New Year Day of their missed goals and resetting the same targets for this year. I never posted mine but I sure do have my mental list of broken promises to myself, too, from last year.
On a wider perspective, allow me to point out here the changes that Filipinos have been yearning for. In a 2016 survey on urgent national concerns by Pulse Asia, the results showed increasing workers’ pay on top of the list followed by creating more jobs, controlling inflation, fighting corruption and reducing poverty to complete the Top Five concerns among those who responded in the survey. Others related to peace and order, the environment, taxes, population, welfare of overseas Filipino workers and terrorism were ranked of lesser priorities. In December 2015, the results showed controlling inflation, increasing workers’ pay, reducing poverty, creating more jobs, and fighting corruption as the national concerns ranked in order of urgency as foreseen by the respondents. Public concerns remained essentially constant under two different administrations. This may not come as a surprise since the Duterte Administration has just begun halfway in 2016.
What is more striking is looking at the survey results in 2006 which listed the same urgent national issues in the Top Five as viewed by most Filipinos. That survey was conducted more than 10 years ago. Now that is a major throwback! This is enough reason why, as a nation, people thirst for change to happen not soon, but here and now.
Isn’t it appalling for an ordinary Filipino to be in this new age yet unequipped to meet the demands of modern society? Technology has connected nations, yet governments had passed, failing to connect to the needs of the ordinary Filipino. On psychologist Abraham Maslow’s hierarchy of needs (formulated in 1943), most of our people are still pre-occupied in the most basic needs, which are the physiological needs, even today. I go out to the streets and the sight of children, even adults, with their palms up as a gesture of pleading is hard to miss. Year in and out, we face the same society where progress shows very little benefits to the majority. And I can’t help but question, “Where did my taxes go?”
As hopeful as most Filipinos naturally are, I continue to look forward to the changes this new government would bring. It is true that the concerns besetting our country is an Everest to conquer but people had long been waiting for what is due to them. The process may be gradual and excruciating at certain points, given there will always be pros and antis, but there is no other way other than through it. Well, it is good that we hear of plans targeted to address the concerns of the common Filipino, but I guess people are now on the lookout for their careful implementation because we have had enough of empty promises. It is high time for the Philippines to move forward. Personally, I would hope for real changes that are truly felt by the masses and not just as reported in the government statistics. Of course, the change will never be without individual active participation in the process. As inspired by Gandhi, do add this as a note to self for 2017 and onwards: “Be the change that you wish to see in the Philippines.”
Maricor Fernandez is a Manager of Audit & Assurance at P&A Grant Thornton Cebu.
As published in Mindanao Times, dated 9 January 2017