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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.
PH tops women in business survey
24 Feb 2020The Philippines ranks first among 32 countries surveyed in a recent global report on women in senior management positions, with 43 percent of Filipina executives in a senior leadership role.
The latest research from Grant Thornton International’s 2020 Women in Business report showed a 6 percent increase in the percentage of Filipino women in senior management teams. For 2020, the three-year moving average was at 42 percent.
According to local data from the Women in Business report, 38 percent of companies surveyed have Filipinas holding chief finance officer (CFO) position, 36 percent serve as human resource director and 23 percent chief operating officer. In 2019, the top three positions were HR Director at 52 percent, CFO at 45 percent, and COO at 37 percent.
“We are seeing that the most significant roles in business operations — strategy, finance, and people — are being held by women. The percentages have decreased this year, and it is interesting to note that women are holding these same three roles. We hope to see more women step up into the Chief Executive Officer (CEO) or Managing Director role in the future,” said Marivic Españo, chairperson and CEO of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd.
The report also showed that businesses are taking more action than ever to increase gender diversity. Ninety-four percent of Filipino businesses are actively working on removing barriers to gender parity at senior levels.
Among the specific actions companies are taking to improve or preserve gender balance are ensuring equal access to developmental work opportunities (at 36 percent), and enabling flexible working, reviewing recruitment approaches, and providing mentoring and coaching (all three of which are at 33 percent).
In its 2019 blueprint for action, Grant Thornton International cited the importance of knowing your organization’s diversity data. “Benchmark your organization’s data where you need to make targeted changes,” said Españo.
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 (at 26 percent).
More importantly, creating an inclusive culture, most especially for women, needs to be led from the top.
To promote inclusion, survey respondents have said that their most senior leader asked female talent what it’s like to work at the company and how it can improve (at 40 percent), as well as personally encouraged colleagues to speak up with ideas and issues and encouraged others in senior management to be role models or champions for women (both at 39 percent).
The number of businesses driving initiatives such as ensuring developmental opportunities (34 percent), creating an inclusive culture (34 percent), and flexible working (31 percent), have all seen an increase across all those measured by the report. However, progress for the representation of women in senior leadership positions has stalled.
Globally, women currently hold 29 percent of senior leadership positions — the same as last year.
Españo said: “It is extremely encouraging to see deliberate action taking place as mid-market businesses ramp up activities that encourage progress and accessibility to leadership positions for women. 2018 saw a sharp rise in the representation of women at a senior level after significant changes in the social climate of the western world. However, this year’s numbers have leveled off once again, highlighting that change at the top is glacial.”
With many mid-market businesses now being intentional in their efforts to boost equality, markets may start to see more women in leadership positions over the coming years as initiatives are embedded and begin to show results.
“If we want to continue to see more women in senior positions, businesses need to be intentional. Policies that ensure diversity of thought at the decision-making table, that address equal opportunity in career development and bias in recruitment and develop inclusive cultures can’t just be a nice to have — they are a must. Once implemented, these policies must be enforced and regularly reassessed to judge their effectiveness. When that is combined with real commitment from senior leadership, only then will real transformational change take place,” Españo concluded.
As published in Manila Buleltin, dated 23 February 2020