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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.
What are we wasting?
28 May 2018It was past noon when my heart started beating loud and fast. It was my first time to be rushed to the emergency room, because of a serious allergic reaction known as anaphylaxis. It typically causes a person to experience skin rashes, dizziness, and shortness of breath.
While struggling to catch my breath, I thought to myself, “Am I going to die unprepared? Can’t I hug each of my family and friends to tell them how much I love them before I go? Will I leave this world without reconciling with the persons I have hurt and offended? Is it too late to pursue my interest in writing good stories, engage in sports, and add credentials to my career? Have I been a good daughter to my parents, a keeper to my friends, a neighbor to strangers, an employee of our company, and a citizen of this country?”
Thankfully, I got back into life after the drug diphenhydramine was injected through my veins. I realized that—in my 23 years of living in this fallen, yet wonderful world—I wasted many things that do not matter, but are very important in living a meaningful life.
Time. We waste most of our time doing things that make us less productive. We waste our time scrolling and updating our social media feeds, because we are procrastinating at school or work. We waste our time finding our keys, because we did not set it aside in a specific place after every use. We waste our time listening to long discussions or instructions, because we did not take down notes. We waste our time gossiping, because we cannot even correct our own shortcomings.
Treasure. Treasures are things or people that we value most in our life, such as money, health, and loved ones. We waste our money by spending most of it on temporal and temporary things. We can save or invest our money in financial institutions, donate to charity, and spend only on our basic needs. We waste our good health by eating unhealthy foods, taking up vices, and being careless in accident-prone areas. We waste our precious moments with our family, friends, and loved ones by not telling and showing them how much they mean to us while we still can.
Talent. Talents are skills and knowledge that are a person’s strength. We waste our talents when we are either too shy or too arrogant to showcase how good we are at dancing, singing, or speaking in public. We waste our skills when we are too pessimistic and afraid to learn new things. We waste our knowledge when we are too hesitant to follow rules or too lenient to reprimand others when we already know beforehand what would be the outcome.
Trust. Trust comes in different forms. We are entrusted to secret information, great responsibilities, and promises we pledge. We waste someone’s trust when we, in bad faith, divulge the sensitive information to others, lose the thing in our possession, fail with our tasks, and break our vows.
Tears. Crying is triggered by a strong feeling of sadness. We feel sad whenever the real condition is not what we expected or whenever we lose something or someone. We waste our tears on things that are not worth it and on persons who do not deserve us.
After realizing what we have wasted, we often regret and feel anxious. Wasting these time, treasures, talents, trust, and tears cannot be undone. What has happened had already happened; it is irreparable.
Life is not perfect; we commit mistakes. Life, however, can be much more meaningful if we are productive with our time, rich with our treasures, humble with our talents, compliant with the things entrusted to us, and happy with our lives.
Life is unpredictable. There are still unknown and unresolved variables. We do not have any idea when our timeline will end. Let’s not waste our life. You only live once (YOLO), as young people say. You Only Live Once, and once should be enough.
Ms. Elizalde is an associate of the Audit & Assurance Division of P&A Grant Thornton in Cebu. 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. It is present in Makati, Cavite, Cebu and Davao. For comments on this article, please email gel. elizalde@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com.
As published in Mindanao Times, dated 28 May 2018