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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.
Philhealth grants Z benefit package for premature, small newborns
01 Aug 2017OVER a year ago, the Philippines failed to achieve its target of reducing neonatal mortality caused by prematurity and low birth weight conditions by an estimate of two-thirds of 6.3 million. Since these conditions require a certain degree of specialized care, some families encounter financial constraints, which prevent timely administration of cost-effective interventions. To help address this need, Philhealth recently developed the Z benefit package, also known as Z016, for premature and small babies under Philhealth Circular 2017-0009.
The Z benefit package intends to capture preventive and curative approaches for patient care and to complement the other Philhealth benefit packages for mothers and newborns, namely the expanded normal spontaneous delivery package, maternity care package, and social health insurance coverage and benefits for women about to give birth.
Pregnant women who are in their 24 to 36 6/7 weeks of gestation and who are at risk of pre-term delivery may avail themselves of the benefit package for prevention of preterm delivery. On the other hand, premature newborns who are 24 to less than 37 weeks by fetal aging or who attain 500 to 2,499 grams of fetal weight may avail themselves of the benefits for preterm and small newborns.
The circular also provides the list of services to be provided by health care institutions (HCIs) and the package rates of the Z benefits as summarized below:
1. Benefit packages for the prevention of preterm birth which range from P600 – P4,000;
2. Benefit packages for preterm and newborns (24 to less than 32 weeks) which range from P35,000 – P135,000; and
3. Benefit packages for preterm and newborns (32 to less than 37 weeks) which range from P24,000 – P71,000.
In order to avail of the Z benefits, the following general rules shall apply:
1. All claims shall be filed by the contracted HCIs in behalf of the patients and no direct filing shall be made by Philhealth members;
2. Rules in late filing shall apply unless the delay is due to natural calamities or fortuitous events in which an extension of 60 calendar
days is given;
3. Z satisfaction questionnaire shall be administered prior to discharge from the HCI;
4. Contracted HCIs providing the services for premature and small newborn shall be monitored; and
5. Although the results of diagnostic and laboratory test are not required as attachments to the claim, these shall be attached to the
patient’s chart which shall be checked during the monitoring.
PhilHealth shall contract with government and private hospitals capable of providing the services. As patients’ guide on where they can avail themselves of the Z benefits for premature and small newborns, the list of HCIs shall be posted in the Philhealth website once available.
It shall be noted that HCIs are not required to submit applications for pre-authorization before the patients can avail themselves of the said benefits. Instead, HCIs shall submit a Checklist of Eligibility Criteria to their corresponding Philhealth Regional Office after admission of the patients but prior to the filing of claims for availment.
A separate issuance shall be disseminated by Philhealth for the policies and implementing guidelines of this circular. Please refer to the circular for more details.
Source: P&A Grant Thornton
As published in Sunstar Cebu dated 31 July 2017.