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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.
Workplaces around the globe are on the brink of monumental change. With the emergence of industry-changing innovations, increased prioritization of wellness and sustainability, and the continued preference of employees towards flexible work setups, the business landscape continues to evolve. Companies and employees alike must gear up for an era of transformation where flexibility, technology, and purpose take center stage. The ability to adapt in this evolving landscape will be crucial for both individuals and organizations. Let’s dive into the trends shaping the future of work—and how you can thrive in this dynamic environment.
1. The Rise of Hybrid Work 2.0: Forget the standard work-from-home setup. The next generation of hybrid work is about intentional design—combining virtual and in-office work with flexibility and productivity at its core. Companies are investing in collaboration technologies and redefining office spaces to accommodate team-building, brainstorming, and innovation hubs. Employees, meanwhile, will enjoy greater autonomy as long as they deliver results. The message? Work is no longer about where you are but what you accomplish.
At P&A Grant Thornton, we have maintained a hybrid setup while continuously defining and improving our technology and infrastructure to support a seamless and productive hybrid work experience. To achieve success with this setup, companies must actively solicit and incorporate employee feedback throughout its implementation.
2. AI as Your Coworker (Not a Threat): Artificial intelligence is no longer just for tech companies. From automated payroll systems to AI-driven employee wellness platforms, technology is becoming a seamless part of the workplace. For employees, this means less time on repetitive tasks and more time to focus on creativity, strategy, and decision-making. For companies, the challenge lies in balancing automation with human oversight—because while AI may be efficient, human connection drives innovation.
We have a responsibility to embrace and leverage the potential of AI while ensuring ethical and responsible use. Cybersecurity is paramount in this age of digitalization, and we must prioritize data privacy and security to protect our clients and our own operations.
3. Skills Over Degrees: This year will see a shift from traditional qualifications to skills-based hiring. As industries evolve rapidly, companies will prioritize adaptable, tech-savvy, and growth-oriented employees. For workers, this is your chance to shine: upskill, reskill, and keep learning. Online certifications, micro-credentials, and on-the-job training programs are no longer optional but essential to staying competitive.
To keep up with this trend, organizations must continue to support their employees by providing workshops and seminars focused on their personal and professional growth.
4. The Wellness Imperative: Gone are the days when employee wellness was a nice-to-have. This year, mental health support, financial wellness programs, and work-life balance initiatives will define the best employers. Companies investing in holistic wellness will see improved employee satisfaction and retention. Employees, in turn, should leverage these resources to stay energized, focused, and fulfilled. An organization’s leadership plays a critical role in fostering a culture of wellness by openly addressing mental and physical health and encouraging good work ethic and proper behavior.
5. Purpose and Sustainability: Employees increasingly want to work for companies that stand for something beyond profits. Businesses that embed sustainability, social responsibility, and ethical practices into their operations will attract top talent. For companies, this means walking the talk: reducing carbon footprints, supporting community initiatives, and fostering an inclusive workplace. Employees, on the other hand, will feel more engaged knowing their work contributes to a larger purpose.
This emphasis on environmental, social, and governance initiatives, as well as sustainability and corporate social responsibility, will be increasingly crucial moving forward, as companies are expected to consider the impact of their actions and policies on all stakeholders: including employees, customers, communities, and the environment.
6. Multi-Generational Collaboration: With Gen Z, Millennials, Gen X, and Boomers all sharing the workplace, collaboration across generations will be more crucial than ever. Successful companies will embrace mentorship programs, reverse mentoring, and open communication to foster understanding and innovation. Employees can leverage this diversity by learning from each other’s unique perspectives.
Final Thoughts
The workplace of 2025 promises excitement, opportunity, and challenges. Companies that embrace flexibility, invest in people, and adapt to new technologies will emerge stronger. Employees who stay curious, upskill, and seek purpose in their work will thrive.
So, as we step into the new year, the question isn’t whether you’ll adapt to these trends—it’s how you’ll make them work for you. The future of work is here. Are you ready?
As published in Mindanao Times, dated 27 January 2025