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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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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.
MANILA, Philippines — While the 2007 ASEAN Charter embodies democratic forms of governance, former Malaysia Prime Minister Mahathir Mohamad warned that the public should be wary in choosing their leaders.
Speaking at the ASEAN Leaders Forum in Makati City, Mahathir noted that power could destabilize leaders.
"We think of democracy as the best system ever invented by men... Today, we see democracy throwing up leaders who create problems… so while we should adhere to democracy, we should be more careful about the kind of people we choose to be our leaders," Mahathir said during the forum.
Mahathir, who considers Malaysian Prime Minister Najib Razak his protege, expressed his disappointment on his successor.
Najib has been facing corruption allegations involving missing money worth more than $3.5 billion reportedly laundered through financial institutions in the US.
According to a report from The New York Times, the US Department of Justice had been concentrated on seizing $1.7 billion in assets from Najib including jewelry, real estate and Hollywoood movie rights.
"I am very critical of the Prime Minister of Malaysia although I was instrumental in proposing and also preparing so that he can lead the country of Malaysia. He is the son of second Prime Minister Abdul Razak so we expected him to be like his father. Unfortunately, he’s not like his father," Mahathir said.
He noted that the Najib is now considered a dictator and a tyrant in Malaysia. The scandals involving the incumbent Malaysian leader never happened before, Mahathir said.
"We thought that Najib would be a good leader but the moment he has power it sort of destabilized him, he is completely different... so we cannot be very certain about people’s behavior once they are given power," Mahathir said.
Mahathir, who was prime minister of Malaysia from 1981 to 2003, admitted that he has been working hard to "get rid" of Najib from the government.
"When we have an election, then we would be able to form a new government," the former Malaysian leader said.
Malaysia is set to hold its next general election on August 2018. There have also been reports that Mahathir will run against Najib next year.
Rappler CEO Maria Ressa, forum moderator, meanwhile, noted that former President Fidel Ramos was also instrumental in the campaign of President Rodrigo Duterte.
Like Mahathir's relationship with Najib, Duterte may also be considered Ramos' protege.
Ramos recalled that during his book launch last July, he invited Duterte as his guest of honor.
"He (Duterte) said repeatedly, 'Thank you for inviting me, my dear friend. You are my number one supporter and now I am fearing you are going to be my number one critic,'' Ramos said.
Ramos, however, said that Duterte authorized him to be his "fiscalizer," which the former president considers an honor.
"I am free to fiscalize him... Please don’t try to do what I am doing because you might be put in jail," Ramos joked.
"Fiscalize", while not a proper English word, is understood in the Philippines to mean to keep things in check.
The ASEAN Leaders Forum is the first in a series of initiatives that seek to raise awareness and education about the region. It was organized by the ASEAN Society Philippines, P&A Grant Thornton and the EON Group.
As published in Philippine Star, dated 13 October 2017