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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 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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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.
Tech businesses forecasting strong a 2014
10 Feb 2014Steven Perkins highlights tech growth trends from across the globe
The technology industry is synonymous with innovation, fuelled by investments and a continual focus on research and development (R&D). By its very nature it is at the forefront of change. Those businesses which fail to keep up with technological change and stay current with consumer requirements are left behind. I was pleased to see that business leaders in the technology sector are expecting a robust year of investment, R&D activity, and change according to the Grant Thornton International Business Report (IBR).
The corporate landscape is littered with the carcasses of companies which were not as agile as they needed to be. Look only to former category leaders, Blackberry and Nokia, once the most powerful mobile handset producers for business and personal users respectively, for examples. The ongoing transformations in social, mobile, and cloud and the “internet of everything” threaten other current category leaders if they do not innovate.
According to the IBR, net 30% expect to increase their spending in this area in 2014, compared to 21% of businesses globally. And despite, or perhaps because of this extra investment, technology businesses are more bullish as regards both revenue (65%) and profit (51%) growth compared with the global average.
There is a fairly even spread of technology business confidence across the world from North America, through Europe to Asia Pacific (APAC), but there are some interesting intra-region variations. For example, tech businesses in the developed APAC economies are expecting slower growth than their rivals in emerging economies across the region. Traditional, low-cost electronics and component manufacturing bases such as Japan, Korea and Taiwan are feeling the pressure. This comes, not only from emerging rivals in China which often receive huge state backing, but also the rise of cloud computing, a phenomenon that has made the global economy far less hardware dependent.
The proportion of developed APAC businesses expecting a lack of orders to dampen growth prospects in 2014 is around three times the global average, while forecast exports are three times lower. By contrast, emerging APAC businesses are ten times more likely to invest in R&D activity in 2014 and they are more confident about profit growth than any other region.
Silicon Valley, home to the highest concentration of hi-tech businesses in the world, has helped to fuel the burgeoning recovery in the United States – and businesses there are optimistic for 2014. Three in five tech businesses expect to see their profits improve, and employees are likely see this feed through into their pay. 87% of technology business leaders expect to offer pay increases over the next 12 months, compared to 67% of all businesses. This extra income should help further boost consumer demand in those areas of high technology industry concentration.
Despite the ongoing Eurozone crisis, technology businesses in Europe are fairly positive about the next 12 months. Half expect revenues and profits to rise, while two in five are expecting exports to increase. This is the highest percentage globally and perhaps a sign of the diversification which is so important to the nascent regional recovery. Tech businesses in the UK and Ireland are particularly positive with regard to revenue and investment growth in 2014. The only downside is a lack of skilled workers in Europe which, despite unemployment running at record highs in some economies, is affecting well over a third of businesses across the region.
The follow on effects from this momentum in the technology industry should add further impetus to the global recovery. Technological progress has the potential to boost productivity, not only raising growth prospects but also helping to develop innovative solutions to pressing challenges such as climate change and resource scarcity. The good news for the global economy is that tech businesses are stepping up to the challenge.
Steven Perkins is global leader for technology at Grant Thornton.