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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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Students
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.
Filipino women represent 48% of senior management roles
13 Mar 2022
P&A Grant Thornton chairman and chief executive Marivic Españo
Grant Thornton International Ltd. recently released its Women in Business Report which shows that more than 70 percent of businesses are now working to create a more inclusive environment to attract and retain female talent.
The survey covered senior leaders from 5,000 businesses across 29 economies.
P&A Grant Thornton chairman and chief executive Marivic Españo said the road to overall business recovery against the background of disruptions in the new normal is still a challenging one, including opportunities for women leaders, and women, in general.
“Mid-size firms are confronted with major issues like winning the war for talent and accelerating their digital transformation initiatives. Despite these challenges, we see a lot of potential for companies committed to levelling the playing field and promoting gender parity in the workplace. Embracing a forward-looking mindset with a vision to mitigating gender bias will allow firms to deliver improved company performance, and ultimately, lead to greater productivity,” she said.
The survey revealed that Philippine companies have learned to sustain the momentum in employing women in senior management roles, which led to the rise of more empowered women in male-dominated positions.
The number of female leaders in senior management roles in the country rose to 48 percent in 2021 from 39 percent in 2020. This placed the country on the top three spot in the list of countries which recorded the highest number of women leaders in mid-size firms.
The Philippine statistics was far more favorable than ASEAN region’s 30 percent.
About 39 percent of women leaders surveyed in the Philippines strongly agreed that indeed, new work practices benefitted women during the pandemic. In the long term, majority or 56 percent of respondents from the country expressed optimism that these corporate practices will continue to boost and advance women’s career trajectories.
Compared with data showing very slow if not glacial progress in the increase of the number of women in senior management positions, respondents from the Philippines said that despite this fact, their companies are actively employing new ways of working to create a more inclusive environment for female talents.
With nearly two-thirds or 47 percent of mid-market leaders expecting a skill shortage to be a major constraint to their businesses in the year ahead, Grant Thornton’s research shows that 95 percent of mid-market business leaders are now taking action to foster staff engagement and create a gender-inclusive culture.
“We are seeing new influences and structured approach in terms of gender parity and inclusivity. To sustain this momentum, more firms should lead in promoting gender equality,” Españo said.
The Grant Thornton research also revealed that in 2021, the proportion of women in senior management roles in the region passed the 30-percent tipping threshold for the first time.
All regions also passed the crucial 30-percent milestone, including APAC, the only region that failed to hit this figure in 2020, although the proportion of businesses with at least one woman in senior management remains static at 90 percent.
“Progress, no matter how gradual, is still progress. The key insight that our Women in Business report aims to impart is that more businesses are at the fore of understanding the advantages to operations of employing more female talent and of allowing more women to step up and handle the corporate reins alongside male leaders,” Españo said.
As published in Manila Standard, 13 March 2022