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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.
Re-learning lessons in life during the pandemic
16 Oct 2020We have all changed this year. The emergence of the pandemic has tested us and profoundly affected our lives all around the globe. We have felt and seen its effect – death, isolation, economic cessation, school suspension, rise of unemployment rate, and travel and contact restrictions – to name a few. It seems that the world has essentially shutdown and it seems to me like it is not real.
This time out from the regular life enabled me to reexamine my values, lifestyles and relationships. Personally, this experience, as painful and as difficult as it is, have made me re-learned some of life’s most profound lessons:
“There is nothing certain but the uncertain”. Life is unpredictable and, in a split second, everything can change. Who would have thought that what we are currently experiencing right now will actually happen? Prior to the pandemic, some businesses were at its peak, some had stable jobs, and some got to travel a lot but it all changed for many during the pandemic – businesses closed, employees laid off and travels were restricted at some point.
These uncertainties can push us outside of our “comfort zones” and prevent us from doing our “usual,” but sometimes this is where we grow. Currently, no one can predict what the future holds for humanity. Life is indeed uncertain and, as cliché as it may sound, we have to love hard and live life to the fullest, because you never know what tomorrow will bring.
“Life goes on.” All of us, at some point, go through rough times especially now during this pandemic. Lockdowns and community quarantines somehow had me stressed out and felt a pang of despair. I have wondered many times if we are able to get through this. But then, days and months went by, and I realized I have somehow adjusted to this thing we called “new normal”. I think most of us are thriving and adapting to this new way of life. Although, we cannot remove the fact that many have been greatly affected and are still in a trying circumstance right now. The most important thing is that we are able to embrace acceptance and bounce back. Acceptance does not mean resignation and stagnation. It means that something is what it is and that there will be a way through it. You just have the courage to bear it. Even though you are facing challenges or difficulties, one should never feel hopeless, because every cloud has a silver lining.
“We can be vulnerable.” I believe that it is “okay not to feel okay” sometimes. The important thing is to have an outlet for these negative thoughts and emotions. Cry, scream, and lock yourself out when you need to but, afterwards, pick yourself up and start all over. It is also important to seek support from family and friends. Do not be afraid to ask for help. I have received plenty of help and encouragement from my loved ones, and these made my struggles especially during these times more bearable.
“Learn to appreciate even the little things.” Suddenly, our daily routine or activities, such as dining out with family, friends or loved one at a restaurant, watching movies at the cinema, shopping at crowded mall, physical huddle meetings at the office are things we no longer do on a “normal” way. These are just examples of some of the little things that we had in the past that we may have taken for granted. Hence, appreciate the things you can do, the things that you have, and the people around you. Make sure you practice gratitude, especially to your loved ones and be vocal about it.
No one or nothing could have us prepared for this year and this is something we can all agree on. The pandemic continues, but so must we. We just need to try to be more resilient and courageous.
Meg Punay is a Senior Manager of the Audit and Assurance Division of P&A Grant Thornton, Davao Branch. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines with 24 partners and more than 900 staff members. We’d like to hear from you! Tweet us: @GrantThorntonPH; “like” us on Facebook: P&A Grant Thornton; and email your comments to anton.ng@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit www.grantthornton.com.ph.
As published in Mindanao Times, dated 16 October 2020