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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.
Glass ceiling still firmly in place
27 Mar 2017One step forward, another step back.
That is how independent assurance, tax and advisory firm Grant Thornton described the world’s progress when it comes to gender diversity in the workplace, particularly in senior management, based on the latest results of its annual International Business Report (IBR) titled “Women in business: New perspectives on risk and reward.”
The report, which drew data from interviews conducted with over 5,000 chief executive officers, managing directors, chairpersons and other senior executives across all industries in mid-market businesses in 36 countries, says that while the percentage of women in senior leadership roles this year has slightly risen to 25 percent (compared to last year’s 24 percent), the percentage of companies with no women in such roles has also risen at the same rate.
“It feels as if we’re taking one step forward and one step back,” says Marivic Españo, chair and CEO of P&A Grant Thornton. “This is a real concern for business growth as it suggests we aren’t maximizing the potential [of women] out there.”
Focusing on Asia-Pacific (Apac), the survey finds that the proportion of senior business roles held by women in the region rose from 23 percent in 2016 to 25 percent this year—growth which is driven largely by emerging economies such as the Philippines, India and Indonesia.
Here in the Philippines specifically, the survey reveals that women make up 40 percent of senior executives; additionally, it also states that 21 percent of businesses have women CEOs while 14 percent have women COOs.
On the other hand, the percentage of female leaders in developed Apac, which includes Japan and Australia, remained static at 13 percent, the report notes. Also, the percentage of businesses with no women in senior management across APAC has risen, from 31 percent in 2016 to 35 percent in 2017.
Such figures, according to the report, seem to reflect a “plateau” when it comes to pushing the gender diversity agenda in the workplace, or a “diversity fatigue.” Add to that issues such as macroeconomic and geopolitical uncertainty, which has business leaders training their focus more on “reducing costs and retaining talent, relegating diversity to a nice-to-have rather than a must-have.”
“We simply cannot let this happen while progress is still marginal. Companies today need to be more productive, more innovative, and, in many ways, more open if they are to thrive,” states Francesca Lagerberg, Grant Thornton global leader for tax services and sponsor of women in leadership, in the report.
Grant Thornton lists the following recommendations to improve diversity in the workplace:
Take action to speak up on diversity and embed change throughout the organization, not just at the top;
Encourage diverse leadership styles and role models; and
Invest in sponsorship programs, not just mentoring.
The report also specifies one area of business which could benefit the most from having a gender-balanced workplace: Risk management, or “the process of identifying, evaluating, and managing uncertainty.” The survey’s findings reveal that a more gender-diverse team results in better company strategies in addressing risks and opportunities, which go hand-in-hand.
“Men may be more inclined to take risks, and this can bring high rewards in the form of growth; but big bets can also go wrong,” the report reads. “The risk awareness of women might be a significant factor for success. Not only do women tend to moderate extreme behavior, they can possess a higher social sensitivity and take time to listen and acknowledge feelings such as danger and fear before carefully assessing the business risk and devising a strategic plan.”
“Businesses must heed these lessons: Many of today’s companies are still run by male-only teams, and they are in danger of myopia when it comes to risk,” Lagerberg notes. “As one of our contributors said, ‘The real risk to business is not getting women involved.’”
As published in Daily Inquirer, dated on 27 March 2017