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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.
Humanity has always taken pride in its achievements—its scientific breakthroughs and its continuous technological evolution. From living in caves and treehouses to building skyscrapers and underwater structures, we definitely have come a long way. If we look back on the past 200,000 years we have inhabited the earth, we would undoubtedly reflect on monumental discoveries and significant historical events, selecting those that reaffirm that we are destined for greatness. And yet, all our feats and triumphs come at the greatest cost—the future of our planet.
When we were young, our parents would always ask us what we aspire to be when we grow up. Our answers revolved around professions, such as doctors, engineers, lawyers, accountants, or teachers. It has been instilled in us that these career paths bring the most honor to the family. However true, this outlook has subjected us to a disinterest in pursuing what might be considered the most essential profession in the planet—to be environmental advocates. From the Latin word advocare, which means “call (to one’s aid),” we are all called to the aid of nature, to save it from further destruction and catastrophe.
We live in a warming Earth where, regardless of consequence, trees are cut down at a faster rate than replanting forests, seas are contaminated with industrial waste and oil spills, and mountains are continuously mined without a responsible rehabilitation plan. We may think that we have lobbyists and environmental activists to respond and devise ways of protecting these natural resources. However, their efforts may be in vain if the rest of us remain indifferent.
According to a report published by the United Nations in 2019, about one million species of plants and animals face extinction, including 40 percent of amphibians, almost a third of reef-building corals, more than a third of marine mammals, and 10 percent of all insects. Moreover, the National Aeronautics and Space Administration released an article entitled “Climate Change: How Do We Know?” outlining some of the most prevalent evidences of the changing climate. The global temperature and sea level continue to rise as a result of melting glaciers all over the world, extreme weather conditions across continents, and the increasing acidity of the ocean water threatening the biodiversity of sea life, to name a few. Three centuries of industrialization and consumerism have culminated into a global phenomenon of environmental crises that threaten the survival of future generations. We must not go silently in the dark and accept this inevitability. As environmental advocates, we can contribute in our own capacities to save Mother Earth.
Globally, there are numerous movements and organizations, like the World Wide Fund for Nature and United Nation’s Intergovernmental Panel for Climate Change, which provide information on and support to various environmental concerns. In the Philippines, we have Haribon Foundation and Save Philippine Seas. We could volunteer to these organizations or become earth warriors on our own initiative. Let us look at the example of Greta Thunberg, a 16-year old high-school student from Sweden who started a global movement on climate change. She marched into the building of the Swedish Parliament to express her concern on the lack of action against climate change. Her parents and classmates tried to discourage her, but she never stopped until the whole world noticed her. She became a figurehead and started travelling the world to talk with leaders and people, in general, to act fast and effective against climate change.
Just like Greta Thunberg, we could positively change the state of the Earth by starting with ourselves. We may not all achieve the level of impact she has, but our combined efforts may amount to something more effective in the long term. We could start by talking to our families, friends, and peers on the state of our environment. We can change our lifestyles by cutting down on power consumption and water usage, buying energy-efficient appliances, eating all the food we buy, refraining from constantly buying new clothes and other personal item, and making it a habit to consciously decrease our carbon footprint. If all 7.7 billion people on Earth practice a greener lifestyle, then the future will certainly be one we can look forward to.
As Hollywood actor Leonardo DiCaprio said in his speech at the United Nations Climate Summit: “We only get one planet. Humankind must become accountable on a massive scale for the wanton destruction of our collective home. Protecting our future on this planet depends on the conscious evolution of our species.” We surely have come a long way and have seen progress and advancement like never before. At best, the world could set aside all differences and face this greatest enemy.
However, the fight for a greener planet is not set in black and white but rather in grey areas, where we have to understand all the factors and come up with long-term solutions that are both beneficial to the environment and people. Future generations depend on us. Being an environmental advocate or an earth warrior is not a job we can decline or a calling we can ignore: our planet is our responsibility and we must care for it as if our lives depend on it. Actually, it does.
Jedda Pascual is an Experienced Junior of Audit & Assurance P&A Grant Thornton Davao. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 900 staff members. We are in Makati, Cavite, Cebu and Davao. For comments on this article, please email jedda. pascual@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 26 September 2019