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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.
Remember: Gratitude and Love
30 Oct 2020Have you tried waking up in the morning feeling tired and questioning yourself about what to do despite the long list of pending tasks or assignments you have in work or school? When you know the first step is to get up but still have a hard time in doing so? Moreover, when you force yourself to take a bath wishing that the water will be like pixie dust that will magically boost your energy and productivity? Have you been feeling it all lately? Then how are you now?
I ask these questions just to verify if I am not alone with these feelings or state of being. During the height of the audit busy season, the pandemic started. The situation forcefully enclosed me in the four corners of my apartment room, away from my parents and unprepared. During that time, I did not have time management plans or a new set of goals to achieve or skills I want to learn. I just stared at my white ceiling reflecting where I am right now, my long-term plans and dreams, who I really want to become in the future. Am I still in the right track? What is really my purpose? How I can help others with my current situation? These keep on repeating every day without me noticing, and it became a routine ̶ an unhealthy morning routine. Imagine, I have not yet started my work for the day, but I already feel tired and exhausted. It seems like my brain and my body keep on arguing inside, when my brain knows what to do but my body will not cooperate. I feel like I am a disabled person for months. Then the result of it came, delays after delays, stress over stress, nothing but unachieved goals.
I believe all of us have been struggling lately. The pandemic caught us all off guard. The current situation makes us anxious, worried and depressed. We were forced to isolate ourselves and got some time to check our inner selves. Some of us realized that what we feel inside is more chaotic than we thought it was. We started to question our goals, timelines and capabilities. We started to entertain thoughts and inner voices that would just disable us later in the future. We started to believe that we are worthless and that we need a miracle for us to survive every day. We feel hopeless and ungrateful. Some even took their own life believing their struggles will be endless. Then suddenly, I remember what Morrie said in my favorite book Tuesdays with Morrie, he said, “So many people walk around with a meaningless life. They seem half-asleep, even when they are busy doing things they think are important. This is because they are chasing the wrong things. The way you get meaning into your life is to devote yourself to loving others, devote yourself to your community around you, and devote yourself to creating something that gives you purpose and meaning.”
I forgot that before the pandemic happened, I already had goals and plans in progress, waiting to be achieved. I forgot that despite the trials and the struggles I have, God still blessed me with His grace and His people ̶̶ my family, my friends and my community. They never failed to remind me that I am worthy to be loved despite what I feel about myself, and that I should be grateful for everything – even the simplest thing. I now believe that gratitude and love can overpower everything. It really fuels us to have the courage once again. To get up, move forward and never be afraid anymore to fail and fall, simply because we are aware that we are blessed every day. I could not say that I am totally okay right now because I do believe that healing takes time. What I am sure of now is that I am back on track and trying my daily best once again to do better than my yesterday self.
If you are someone like me who is fighting inner struggles, know that it is not permanent and they too shall pass, like any other challenges you have conquered before. I am also praying that you have people that will remind you of God’s love and that you can be that person for others too.
Aubrey Papa is a semi-senior of the Audit and Assurance Division of P&A Grant Thornton Cebu 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 30 October 2020