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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.
In the earlier parts of this Commentary Series, I dwell on the more important reforms and actions that the government must do to make the lives of the Filipino people much better, achieve higher economic growth and improve public governance.
To help achieve all these goals and maintain and sustain such achievements, it is necessary that the Filipino people themselves imbibe some essential cultural values that we still have yet to acquire.
The first among these values is giving respect to the rights of others. We tend to assert strongly our own rights but conveniently forget that the fellow citizens we live with have also the same rights.
When we break into a waiting line, we are blatantly ignoring the rights of others. When we drive against the flow of the traffic, we are creating danger and inconvenience to others and delaying their own travel. There are many occurrences of disrespect to others like these in our daily lives.
If we are able to inculcate in ourselves this trait of respecting the rights of others, we can create not only a more cohesive society, but also a more orderly and therefore efficient nation.
Maintaining cleanliness in our physical surroundings is another cultural trait that we must acquire. It makes living in our community pleasant and will help keep us healthy. This means we must avoid throwing unneeded things around and keep rivers and other bodies of water clean. Doing so will also save us the cost of cleaning our environment if it is otherwise.
Punctuality is also an important behavioral trait. This applies not only when going to work or school, but also in many other human activities, like attending a business or social meeting; going to an appointment to meet with another person; and meeting an obligation on the date and time promised. Punctuality makes doing work and carrying on our daily lives more efficient by saving time. It also gives respect to others for not keeping them waiting.
Doing one’s work with a strong desire to produce the best result, whether it is a material object or service and whether it is for commerce or private use—to produce or create something to perfection, if you will—is a cultural trait we must acquire. Our vocabulary abounds with the term “puede na”. The consequence of this tendency clearly shows in the things that we produce and create in our daily lives. They generally are wanting in good quality–in workmanship, substance and form.
We must erase that term from our language and replace it permanently with “pulido”. If we do, we can be more competitive in our own marketplace and abroad; and produce beautiful things that we ourselves and others will admire.
If I were the next President, one of the first things I will do is to take steps in acculturating the foregoing values and other similar traits in our society and make them ingrained among the present and future generations.
Initially, I will make a formal announcement about this endeavour. Subsequently, I will reiterate to everyone to embed these traits in themselves during the regular periodic radio and television broadcasts I plan to hold. Additionally, I will get the appropriate government agency to produce materials propagating these values and present them in regular radio and television programming. These activities will continue until the desired results start to become evident.
Similarly, I will require the Department of Education (DepEd) and Commission on Higher Education to prepare appropriate materials for providing learning and practice of these traits at every school and college level in Year 1 of implementation.
In addition, I will also require DepEd to prepare the necessary materials for permanently teaching and demonstrating these cultural values in the form of regularly conducted study courses at the appropriate elementary school and high school levels.
Moreover, to the extent that there are laws that may help develop these values, I will use police powers and the barangay system to enforce them. For example, I shall get anti-littering laws enforced strictly by the cities and municipalities. And so with dismantling obstructions in sidewalks that are used for personal comfort or commerce. Doing so will provide convenience to the general public by using the sidewalks and avoid danger when they use the streets instead.
Altogether, I will engage the city and municipal mayors to keep their respective geographical area clean and their rivers and other bodies of water practically free from pollution.
The overriding objective is to inculcate continuously these desirable cultural values in our society and make these values as part of the Filipino character.
I will continuously emphasize to our citizens that they have their own responsibilities and obligations to fulfill to help make the Philippines not only economically well-developed, but also a more enjoyable and pleasant country to live in.
Yes, we will get our citizens to be actively involved in the pursuit of national happiness and economic wealth.
As published in The Manila Times and Mindanao Times, dated 29 August and 20 September 2021