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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
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Tax advisory
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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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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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Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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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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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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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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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.
Philippines tops 2020 Women in Business poll
01 Mar 2020
Marivic Españo (Contributed photo)
THE Philippines topped Grant Thornton International’s 2020 Women in Business survey, which showed that 43 percent of female executives in the country hold senior leadership roles, better than last year’s 37 percent.
In a statement, Grand Thornton International said the country ranked first among the 32 countries polled. It said the top three positions held by Filipina executives are chief finance officer at 38 percent of Philippine businesses surveyed, compared with 45 percent in 2019; human resources director, at 36 percent from 52 percent; and chief operating officer, at 23 percent from 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,” P&A Grant Thornton Chairman and Chief Executive Officer Marivic Españo was quoted as saying in the statement.
She noted, however, that 94 percent of businesses were taking cautious steps to break the glass ceiling by “ensuring equal access to developmental work opportunities, enabling flexible working, reviewing recruitment approaches and providing mentoring and coaching.”
“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,” Españo said.
Also, senior leaders are also doing their part to advocate inclusion and equality.
“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, 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,” the statement said.
The poll also showed that only 29 percent of women worldwide hold senior leadership positions.
“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,” Españo noted. “However, this year’s numbers have leveled off once again, highlighting that change at the top is glacial.”
Despite this, initiatives pushing for workplace equality have increased.
Creating an inclusive culture rose to 34 percent this year from 31 percent last year, enabling flexibility at the workplace inched up to 31 percent from last year’s 29 percent, and ensuring developmental opportunities remained at 34 percent.
Españo stressed the importance of businesses taking the initiative and creating policies geared toward equality in the workplace.
“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,” she explained.
Moreover, these policies must be implemented, enforced and regularly reassessed to ensure effectiveness.
“When that is combined with real commitment from senior leadership, only then will real transformational change take place,” Españo said.
As published in The Manila Times, dated 01 March 2020