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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.
Perhaps part of being human is to search for the meaning of life. The sorrow brought about by an elusive resolution to one of life’s perennial mysteries—why are we here? —has long plagued the existence of mankind, inseparable as it is to our mortality and apprehension towards it. Finding ourselves helpless to the unrelenting flow of time and insignificant in the grand scheme of things, we grope in the dark in attempts to justify our existence with a purpose.
When we finally feel our hands on a switch and, thus, illuminate the room, we find a basement, disorderly and filled with things that define our lives. To some, the meaning of life is to accumulate as many possessions as possible. Some take it upon themselves to share what they have found with society and contribute to its flourishing or to create a legacy in their lifetime. Others, however, may consider their existence as something for the man upstairs.
For 20th century novelist Franz Kafka, encapsulating the interrelation of our transience and our quest to define it, “the meaning of life is that it ends.”
The idea of death bearing the essence of life may come across as rather macabre. People tend to shy away from discussions on the matter, possibly because we are often guilty of trifling with what may be the most valuable resource there is in the world—time. Despite the reality of human demise, we carry out our days perfunctorily and color its afternoons insipid, as if tomorrow, to which we delay what is truly worthwhile, is a given.
Going back to Kafka’s words, as with many other ideas, it really depends on your perspective.
A humorous leitmotif in our workplace this tax season is jokingly slipping into the nihilism of believing that nothing matters and remarking “Mangamatay ra man gihapon tang tanan!” (We are all going to die anyway) whenever we are on the verge of despair, ironically to motivate ourselves to swim above the surface in a swamp of work and deadlines—a cynical way of expressing hope in living to see the day when eventually, tax season will end.
From another point of view, and hopefully the preferred one, we could allow Kafka to redefine the way we see ephemerality. Life ends; but, just because it does, it does not mean that there is nothing more to it than senseless meanderings, and so one should completely forego all endeavors to experience whatever life has in store. You did not stop reading at the article’s title, did you? Let’s say you are on a trip to Japan. Would you lock yourself in the hotel room during your entire stay, since you are only going to be there for a week? No, you would most likely go out to see the cherry blossoms, take a walk, or cram as many activities as you can in your itinerary, precisely because you only have week to do it all. Life’s very limits render life its meaning. The true awareness of an imminent conclusion aids in guaranteeing that we use the time we have in the best way we know how. It is for this reason that we, as 19th century essayist Henry David Thoreau puts it in Walden, “live deep and suck out all the marrow of life.” If we lived our lives the way we tirelessly try to deliver excellent output at work within a deadline, or how we go on our vacations, maybe we would be more conscious of the fact that there is little to no room for wasted potential, opportunities robbed by fear, dreams abandoned in slumber, words unsaid, or feelings not expressed.
There is an end to life. Because it ends, it should be lived meaningfully. By the very idea, we are challenged to look deeper into what is between birth and death. As mere mortals, we may not have eternity, but it is consoling that such fate leaves the choice to create our own eternity within our lifetime from which we can draw meaning—a hypothetical perpetuity is brought to light. Forever does not mean transcending death. Forever is when you have worked a solid eight hours yet, when you look at the clock, it’s only 9:45 a.m. Forever is the last few minutes of Friday afternoon, before you can time out, head home, and pass out on your bed to sleep until noon the next day. Forever is when you are at your loneliest, in a pit of distress, and no one is in sight to get you out. Forever is finding in yourself to forgive someone who has wronged you
Forever is also when you wake up in the morning before your alarm goes off, and the warmth of the sun gently nudges you to consciousness. Forever is when you hear music in the sunrise. Forever is when morning dewd gracefully drips off leaves and falls freely on wet soil. One of the best glimpses of forever is in time spent with the people you love, in the miracle of looking into the eyes of your favorite person with the stars sparkling brightly in them.
In such moments—when time seems to have suddenly come to a halt, and it’s as if you are suspended in mid-air; when we allow ourselves to feel, to be fully present in the moment, when we let ourselves be human and, at times, even more than that—perhaps lie the whys and wherefores we are alive. These seemingly infinite moments give us endless, yet numbered days that keep us enthralled with life until it ends, and that make us constantly wanting to return to the beginning.
Charlene de Castro is a semi-senior from the Tax Advisory & Compliance division of the Cebu office of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd.
As published in Mindanao Times, dated 02 April 2019