-
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.
Growth expectations up as optimism ebbs
15 Jan 2020Majority of mid-sized Filipino companies have grown their revenue by more than five percent in the last 12 months despite a three-year low in overall outlook, according to Grant Thornton International Business Report.
According to H2 2019 data from the Grant Thornton International Business Report, 57 percent of Filipino mid-size companies surveyed have grown their revenue by more than five percent in 2019.
“While the Filipino mid-market remains optimistic when it comes to revenue and profitability, the overall outlook for the Philippine economy has dropped by 17 percent points from 84 percent in the first half of 2019 to 67 percent in the second semester 2019—a low level of optimism that has not been seen since the first quarter of 2016,” the IBR noted.
In terms of outlook for 2020, Philippine businesses remained one of the 10 most optimistic economies among the more than 30 firms surveyed.
Two-thirds of firms retain an optimistic or very optimistic economic outlook for the Philippines, but this is down 17 percentage points since H1 2019 and is a series record low. Nevertheless, the mid-market remains hopeful that its revenues and profitability will remain high.
The expectations of the mid-market to grow revenue have slightly decreased from 70 percent in the first quarter of 2019 to 68 percent in second semester of 2019, while profit expectations have decreased from 80 percent in first half 2019 to 71 percent in second half of 2019.
Revenue and profit expectations both declined—although more modestly in comparison to the fall in optimism—and both remain strongly positive at around more than 70 percent.
Business optimism has dropped by 17 percentage points from 84 percent in the first semester of 2019 to 67 percent in second half of 2019. The last reporting period when privately held firms cited such a low level of optimism was in the first quarter of 2016.
Forty-four percent of mid-market companies in the Philippines expect their exports to increase, even if expectations have actually decreased from 59 percent in the first half of 2019 to 44 percent in the second half of 2019.
Export intentions also declined by 15 percentage points to 44 percent—although it remains almost double the 2015 to 2018 average. However, this is below the ASEAN average and moving in the opposite direction to the emerging trend in Asia Pacific.
In terms of investments, the report said that local mid-market was mostly down from the first half of 2019, although a majority of firms still expect to increase investment expenditure over the next 12 months.
The report said that 68 percent of business surveyed intend to invest in research & development, followed by employment (67 percent), technology (63 percent), plant & machinery (53 percent), and new buildings (53 percent).
Ma. Victoria Españo, Chairperson and CEO of P&A Grant Thornton, commented: “The latest figures are beginning to reveal the global slowdown in economic growth. On a positive note, mid-sized firms in the Philippines remain very much optimistic about their expansion.”
Economic uncertainty has remained relatively stable since the beginning of 2018. However, firms are increasingly concerned about a shortage of orders.
When asked what were their biggest constraints to domestic growth and expansion, 40 percent of Filipino mid-sized firms cited reduced demand for their products and services—rising 5 percentage points to 40 percent, the same as of the second half of 2018 and the highest for three years.
Around one-third of firms view the availability of skilled workers and labor costs as business constraints, lower than global and ASEAN averages. 27 percent of Filipino medium-sized companies surveyed said that financial constraints were a barrier to expanding their business internationally, while others also cited rule of law and corruption (26 percent) and tax codes and compliance (25 percent) as barriers.
As published in Manila Bulletin, dated 15 January 2020