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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.
Who's embracing the latest finance technology?
22 Nov 2018While some dynamic businesses are reaping the benefits from the introduction of enterprise management software applications, robotics, and advanced business intelligence tools, for others there is a significant risk of being left behind and even making costly strategic errors.
Our recent survey* of senior executives shows that only around half of organisations have a clear strategy and business case for enhanced digital transformation within the finance function. Is your organisation ready to make better business decisions?
Why is a clear strategy so important?
Almost a third of companies are yet to construct a strategy and business case around digital finance transformation. Grant Thornton UK partner Mark O’Sullivan says: “This matches our experience that many organisations don’t recognise its importance. All too often we see ownership and responsibility for decisions on IT systems and technology delegated to the IT function with minimal or no business input. They are then surprised when they come to implement that technology and the affected areas of the business have no engagement and it ends up being a poorly implemented, poorly used technology.”
Emerging markets keen to implement the latest technology
A regional breakdown of the figures suggests that many organisations may be sitting back, waiting to see how digital technology develops. Mark says: “In developed markets we’re finding many organisations aren’t making progress because they want additional assurance around certain aspects of the cloud technology model, whether that’s security, integrity of data, functionality, or the overall financial situation in terms of balancing operating expenditure versus capital expenditure. There is a nervousness about being early adopters.” But while there may be hesitancy in some mature markets, emerging markets are increasingly taking a positive approach and implementing the latest technology. As Mark says: “When you’re coming from a legacy position that is behind markets like EMEA, it’s easier to make the business case. Mature markets are more risk averse and holding off to see how cloud develops.”
Data holds the key to successful business intelligence solutions
More than 30% of respondents have indicated that they plan to invest in business intelligence and enterprise performance management (EPM) solutions, with enterprise resource planning (ERP) also scoring highly at 28.6%. Mark says: “The results are in line with what we expected. Around 50% of the conversations I’m having are focused around organisations that want to employ business intelligence. However, it often comes back to challenges around the quality of data. Organisations know they want business intelligence, but don’t understand what it takes to deliver it, the steps you need to take in creating integrity of data. Similarly, they often don’t understand the possibilities.”
Watch our video exploring the data
What’s the ‘biggest source of inefficiency’ in finance functions?
North America is leading the charge on business intelligence, visualisation and data dashboards, while there is a solid adoption across the globe of EPM tools, such as financial planning, close and consolidation software. Mark says: “The EPM side is reassuring as this is basic ‘housekeeping’. When I go into finance functions the failure to properly embed quality EPM is the largest single source of inefficiency in a finance function. Whether it’s the amount of manual effort taken to close down the month-end or the amount of effort that goes into planning, budgeting and forecasting without really yielding any better quality in terms of the outputs.
“It’s the biggest single source of waste that I see and therefore it’s reassuring that those markets are seeking to address that. We can also see that the US is a bit further down the line, as shown by its lead in business intelligence and advanced analytics.”
Better business decisions
These survey results back up the points made in How can the finance function seize digital opportunities? article which highlighted the importance of planning, strategy and having a business case. Mark explains: “If you think about what drives an organisation, there are three key areas: people, processes and technology. Together they underpin your strategy, whether it’s strategy for the finance function or your entire organisation. If you align the decisions that are made around technology to your strategy, you’ll make better business decisions.”
Find out more
To find out more about how your company can take advantage of digital opportunities, contact Mark O’Sullivan or your local Grant Thornton firm.
*The Grant Thornton International Business Report (IBR) is the world's leading mid-market business survey. The report surveys more than 10,000 senior executives in 37 economies on an annual basis, providing insight into the economic and commercial issues affecting both listed and privately held businesses.