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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.
People change over time – physically, emotionally and mentally. Our perspectives, desires, and choices in life also change as we grow old. Moreover, the way we look at and value money change as time passes by. In the past, people are more focused on working hard and saving money to purchase material things and prepare for the inevitable.
Nowadays, people, particularly millennials, choose traveling over saving because of their will and desire to gain more experiences and memories that only actual travel can give. Thanks to the internet and our ever-changing technology, it is now possible to create our own travel schedule at a big discount. However, what really drives people to invest more on moments rather than material things? We give you why:
1. Need for self-actualization
According to the famous Maslow’s hierarchy of needs, the highest level is self-actualization or self-fulfillment. People have that inner desire for personal growth and the need to realize some, if not all, of their infinite possibilities. What better way can a person achieve all these than to get out of their comfort zone and travel the unfamiliar world? Traveling gives the person the opportunity to become a better person by encountering diverse traditions and customs, embracing new cultures, exploring never-before-seen places and interacting with new people. As the millennials love to say, YOLO or You only live once; hence, make the most out of it.
2. Physical and mental exhaustion
Most people, especially the working class and young professionals, feel they are left out of the loop due to the unending demands of their bosses and clients. To them, traveling serves as a way to relax and escape from their busy schedules so they can empty their minds and refresh their whole being. In this day and age, work is always constant; however, one’s youth and health can no longer be restored once it fades and deteriorates so enjoy what lasts.
3. Influence of social media
Social media websites were created to connect with countless people around the globe and to share information and tips with them. Social media also enable people to share images and videos of recent activities and happenings. These captured moments showing breathtaking places, mouth-watering food and fun adventure have become most people’s goal for travelling. Travel goals motivate and inspire people to experience wonderful things the world has to offer. It also gives people the satisfaction of achieving one’s goal and having the right to actually say “been there, done that” every time a picture of a familiar place or event comes up from others’ travels.
4. Affordable means of transportation
As new modes of transportation emerge from time to time, competition in this industry cannot be avoided. Many transportation companies, particularly airline companies, are offering cheap and affordable flights going to tourist destinations in order to increase sales and gain loyal customers. Consequently, more people are enticed to travel without having to worry about what’s left of their money upon returning home. A significant portion of a person’s travel fund can now be allocated to “pocket money”, which means more value for food, adventure, and souvenirs.
Aside from those mentioned above, there are still lots of reason why people travel. Traveling does not only foster excitement and thrill, it also fuels a person’s enthusiasm to learn and discover more of himself and to enjoy life as much as possible. True enough, traveling reveals a striking reality within ourselves and that is to realize and appreciate the value of not only having a life but actually experiencing what it is to have one. As the famous saying goes, “We travel not to escape life, but for life not to escape us.”
Ms. Bautista is the audit in-charge of Audit Assurance Division, P&A Grant Thornton. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 850 staff members. We are in Makati, Cavite, Cebu and Davao. For comments on this article, please email frea.bautista@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com.
For our services, visit www.grantthornon.com.ph. Follow us on Twitter: pagrantthornton, and FB: P&A Grant Thornton.
As published in Mindanao Times, dated 31 July 2017