-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
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.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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.
Firms uncertain about digital transformation
16 Sep 2020The pandemic did trigger the digital transformation journeys with 80 percent of companies implemented work from home arrangements, but there is also a substantial number of local businesses that were already spending on digital transformation pre-pandemic but do not continue to do so post pandemic, while others have no transformation strategy at all, according to a survey.
Last June, world’s leading consultancy services firm Grant Thornton conducted a survey on the impact of COVID-19 on the digital transformation agendas of companies in the Philippines. The respondents were mostly leaders and decision-makers of organizations in various industries with assets greater than P100 million.
According to the survey, 17 percent of respondents in the Philippines the COVID-19 was the driver for them to digitally transform in order to address the uncertainties brough about by the pandemic.
These organizations come from a wide range of industries also identified process automation and digitization, infrastructure in the cloud, e-commerce implementation, and workforce mobility as the focus areas of their digital transformation.
But, the survey also showed that 63 percent of respondents already had ongoing and completed digital transformation projects even before the enforced lockdowns. These companies had process automation, workforce mobility, and digital marketing solutions in place or nearing completion as of the close of the survey.
While 80 percent of the companies surveyed had ongoing digital transportation programs, a relatively significant 20 percent have not started or did not have any plans for digital transformation at all.
The survey also showed that half of the enterprises with no plans for digital transformation were in manufacturing and had less than 100 employed personnel.
It also showed that COVID-19 triggered digital transformation projects for 17 percent of the respondents while a majority 60 percent of these companies did not have a digital transformation strategy in place.
Among the top five industry respondents, BPOs had the higher number of completed projects, while manufacturing was one of the industries with no plans of having digital transformation projects.
The most common ongoing or completed projects for BPOs were process automation (83 percent), data analytics (63%), and enterprise software implementation (63%).
For manufacturing, enterprise software implementation (47%), workforce mobility (40%), and digital marketing (40%) were the top ongoing and completed digital transformation projects.
Notably, while majority o the respondents said that they primary concern is cybersecurity, it did not belong to the top four projects that companies plan to undertake.
Companies with a larger IT budget have completed the most digital transformation projects. Fifty percent of the respondents said that they have more than 10 percent o their revenue dedicated to IT and these were the same organizations with the most completed projects.
The survey also showed that 100 percent of companies that planned to increase their IT spend have started digital transformation projects before the quarantine. As for those planned to decrease their budget, 50 percent have no plans for digital transformation, 25 percent have ongoing digital transformation projects, and 25 percent will start projects only after the pandemic.
While the pandemic did trigger the digital transformation journeys for 17% of the respondents, most companies that were already spending on digital transformation pre-pandemic would continue to do so. The survey also showed that 9 percent respondents had no plans to respond to the effects of the pandemic through digital initiatives.
It is true that digital transformation is not a magic pill that will cure all problems at this difficult time. Nonetheless, companies should digitally adapt to be resilient now and, perhaps, to alter the future of their respective industries.
Grant Thornton said that the year 2020 is a forgettable yet memorable year to remember for most businesses around the world.
The COVID-19 pandemic has forced business organizations to find ways to continue operations despite the government restrictions enforced to ensure public health and safety. For corporate survival, many companies have resorted to digital transformation initiatives, such as innovations in workplace mobility, digital marketing, and e-commerce. Some companies have also modified and recalibrated their business models, processes and systems to address the challenges of the ongoing situation.
“It is true that digital transformation is not a magic pill that will cure all problems at this difficult time. Nonetheless, companies should digitally adapt to be resilient now and, perhaps, to alter the future of their respective industries,” it added.
As published in Manila Bulletin, dated 16 September 2020