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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.
MANILA, Philippines — With 43 percent of Filipino women executives holding senior management positions, the Philippines ranked first among 32 countries surveyed in having the most number of women executives in top leadership roles, according to the Grant Thornton International’s 2020 Women in Business report.
South Africa, Poland and Mexico followed the Philippine ranking in the survey that also included Argentina, Armenia, Australia, Brazil, Canada, China, France, Germany, Greece, India, Indonesia, Ireland, Italy, Japan, Malaysia, Netherlands, Nigeria, Russia, Singapore, South Korea, Spain, Sweden, Thailand, Turkey, the United Arab Emirates, the United Kingdom, the United States, and Vietnam. The number of Filipino women executives in senior management posts hit 37.5 percent in 2018, 40 percent in 2017 and 39 percent in 2016, the report said, adding that globally, the three-year average is 42 percent.
Local data from the report indicates that the top three roles of Filipino women executives are chief finance officer (CFO) at 38 percent of Philippine businesses surveyed, human resources (HR) director at 36 percent, and chief operating officer (COO) at 23 percent.
Last year, the top three positions were HR director at 52 percent, CFO at 45 percent, and COO at 37 percent.
Same three roles
“We are seeing that the most significant roles in business operations — strategy, finance and people — are being held by women,” said Marivic Españo, the chair and CEO of P&A Grant Thornton, the local affiliate of Grant Thornton International Ltd., one of the world’s leading independent assurance, tax and advisory firm.
“The percentages have decreased this year, and it is interesting to note that women are holding these same three roles,” she added in a statement. “We hope to see more women step up into the chief executive officer or managing director role in the future.”
The report also showed that businesses are taking more action to increase gender diversity in the workplace, with 94 percent of Filipino firms actively working on removing barriers to gender parity at senior levels.
Among the specific actions companies have been taking to improve or preserve gender balance are ensuring equal access to developmental work opportunities (at 36 percent), enabling flexible working hours, reviewing recruitment approaches, and providing mentoring and coaching (all three at 33 percent).
Creating an inclusive culture led from the top was also cited as an important push for gender diversity on the job.
When asked which aspects of diversity their businesses measure, survey respondents cited the percentage of female employees by management level and the average salary for key management levels by gender (both at 30 percent), followed by the average time in management levels by gender (26 percent).
Sense of inclusion
To promote a sense of inclusion, survey respondents said most senior leaders asked female talent what it’s like to work at the company and how it can improve (at 40 percent), as well as personally encouraging colleagues to speak up with ideas and issues, while enjoining those in senior management to be role models or champions for women (both at 39 percent).
According to the report, progress for the representation of women in senior leadership positions has stalled. Globally, women currently hold 29 percent of senior leadership positions — a level that’s unchanged from the previous year.
In the Philippines, initiatives to push policy changes are seen to have contributed to the relatively high position of women executives.
The country, one of the earliest signatories to the United Nations Convention on the Elimination of All Forms of Discrimination Against Women (Cedaw), has a gender provision in its 1987 Constitution. As spelled out in Article II, Section 14, the state “recognizes the role of women in nation building and shall ensure the fundamental equality before the law of women and men.”
In 1995, the government launched the Philippine Plan for Gender-Responsive Development (PPGD) 1995-2025, a 30-year strategic Framework Plan for Women (FPW) adopted in 2001, that stresses women’s rights, economic empowerment and gender-responsive governance.
Equal access
Additionally, the Magna Carta of Women — widely seen as the local equivalent of Cedaw — was enacted in 2009 to support laws that protect women’s rights and equal access to opportunities and resources.
But Españo believes that policies are not enough.
“To achieve meaningful progress, [policies] must be adhered to, enforced and regularly revisited to assess their effectiveness. (W)hen that is combined with real commitment from senior leadership, you begin creating a truly inclusive culture,” Españo said in another interview.
Francesca Lagerberg, global leader at Grant Thornton International, agrees. “Policies can set the parameter, context and direction… but they won’t achieve anything if the underlying culture hasn’t changed,” she told another paper. “How people are treated, the way leaders live and breathe and deliver on issues of gender diversity, are far more important than specific policies,” Lagerberg said.
As published in Philippine Daily Inquirer, dated 23 February 2020