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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.
Partners for Change
02 May 2017Recently, the Philippines hosted Association of Southeast Asian Nations (ASEAN) 2017. It was a historic event, as this year marks the 50th anniversary of the founding of the association. The theme for the summit was “Partnering for change, engaging the world”, which is aligned with President Digong’s “change is coming.” The ASEAN 2017 logo was well-thought-of as it captured the Association’s vision which includes unity and collaboration among the members. Interestingly, the ten stars on the logo were positioned equidistantly to emphasize the equality among the members.
The Philippines can benefit in the Asean partnership in many ways, supported by the pillars of the ASEAN Vision 2020 which are as follows:
One: ASEAN Political-Security Community.
The Association aims for peace with each other and the world. The news often talks of peace between countries, or rather to be more precise, its absence. The image of unrest in affected countries is a picture no one would want to be part of, I can imagine. Even our country is not free of terrorism, which has already been a long battle that is not yet won until now. Just before the ASEAN visit started, certain areas within the country were alarmed because of the rise of terrorism that caused concern and anxiety to most for their safety. Moreover, the lack of security disrupts the country’s development. There is a lot of chaos around the globe today; hence, the country’s alliance with its neighbors sends a message to the people that our leaders support the fight for peace. This offers some comfort to the Filipinos who are hoping for a life of harmony.
Two: ASEAN Economic Community.
There is hope that the country’s membership in the ASEAN will encouragingly affect the country’s economy. In fact, statistics already indicate that the rise in inflation rates has slowed down in the recent past years. In a report by Bloomberg in 2016, the Philippine economy was reported to be “seen as among fastest-expanding in the world until 2018.” Data also indicate an imminent growth in the Philippine economy; however, the real challenge lies on how soon the effects will trickle down to the majority of the Filipinos.
Three: ASEAN Socio-Cultural Community.
The welfare of the people is among the priorities of ASEAN. Truly, this is apt for the citizens of the regions and the world. An ordinary person faces varying adversities from day to day. The programs that should be implemented to achieve this vision is indeed one that is worthy to look forward to as this will enable the country to benchmark on actions taken by other countries in improving the people’s welfare.
Of course, all relationships forged, hard work is required to nurture and preserve it. ASEAN calls for a change in the mindset, one that is all-inclusive and collaborative among its member countries. There will be similarities and differences of what and who we are as Filipinos when compared to our neighbor nations. As Confucius said, “If I am walking with two other men, each of them will serve as my teacher. I will pick out the good points of the one and imitate them, and the bad points of the other and correct them in myself.” And so, it will all do us good as long as our leaders are mindful to practice only what is good for the country’s development from this partnership.
(Ms. Fernandez is a manager for Audit & Assurance of P&A Grant Thornton, a leading audit, tax, advisory, and outsourcing firms in the Philippines, with 21 Partners and over 800 staff members. For comments on this article, please email maricor.fernandez@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. For our services, visit www.grantthornton.com.ph. Follow us on Twitter: pagrantthornton, and FB: P&A Grant Thornton).
As published in Mindanao Times, dated on 30 April 2017