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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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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.
How important is ICT infrastructure to business growth prospects?
Fifteen years into this century, in a world grappling with mobile and wearable tech, and a vast online economy, I’d argue the answer to that question is that it’s never been more vital than it is today.
How businesses benefit from good ICT infrastructure is a topic Grant Thornton explores in its International Business Report every quarter. You may have seen the latest findings on business optimism heading into the New Year, but the thoughts of business on enablers of and barriers to growth throw up some fascinating food for thought.
Looking ahead to the next 12 months, we asked leaders about the extent to which they felt their current ICT infrastructure – both that which they have in place as businesses and the wider environment their business operates in – is a constraint on their growth prospects (see chart).
Some of the names at the bottom of the list, where the fewest businesses cite ICT as a concern, may surprise you. Right at the bottom is Estonia, where just 2% of business leaders feel it acts as a constraint. Finland and Botswana make up the bottom three, followed by Armenia. A swathe of major Western economies then follows in the top ten, in the shape of the UK, Germany, Australia and the USA.
Estonia’s position in our research might surprise a few people but in fact, it is an economy blazing a trail when it comes to getting the most out of technology. For example, Wi-Fi is free across the country. Estonia also boasts one of the world’s most advanced ID card systems. Each citizen carries a chip in a card which acts as their secure login to a wide range of government services online, from voting to picking up prescriptions.
This is a country which has embraced the internet revolution and firmly embedded technology and communications into its post-Soviet, 21st Century identity. Countries around the world can no doubt learn much from the Estonian way. Not least how businesses and the wider economy can utilise technology to improve efficiency, increase flexibility and ultimately drive down costs.
However, scale is undoubtedly a critical factor. Rolling out cutting edge ICT infrastructure in a country of Estonia’s size is a different proposition to the country at the other end of our list. Business leaders in India are the most concerned about their ICT infrastructure, with over half – 52% - citing it as a constraint on their ability to grow. Second highest is Nigeria, followed by Indonesia, Argentina, Thailand and then, perhaps surprisingly for a country with such rich technological heritage, Japan.
India’s position is significant. One of the world’s great emerging economies, expected to overtake China as the most highly populated nation on earth with the next decade, it continues to grow – but the rate has slowed. Five years ago India’s growth rate was over 10% but that has almost halved since then, and chronic underinvestment in critical infrastructure, such as ICT, is cited as one of the factors behind the growth slowdown.
Indian businesses will hope that change is on the way. New Prime Minister Narendra Modi has put infrastructure investment front and centre of his economic development plans, including fibre optic networks branching out into rural as well as urban areas.
Clearly, though, this will take time. Affecting change on this scale, with a country the size of India, is a genuine 'turn-round-the-juggernaut-task'. A phrase you often hear with India is “untapped potential”, and I think the drive to improve IT and communications across the country is a case in point. So could we see India’s position in our table change in 12 or 24 months’ time? The local business community will hope so – but they may need to be patient.
Rob McGillen is global head of technology at Grant Thornton