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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.
MANILA, Philippines — Auditors are seen to be boring people,” says Mailene “Mai” Sigue-Bisnar. “They are always busy with work. They have no time for anything else. They don’t sleep, especially during tax season.”
But this is a misconception. “Don’t believe what they say,” Mai says, “because it really depends on how you manage your time. People tend to put what they do in boxes — work, work, work in one box, and the other things in separate boxes. But I say you have to integrate.”
She calls it “work-life integration.”
Sigue-Bisnar is a partner in the Audit & Assurance Division of P&A (Punong Bayan and Araullo), the Philippine member firm of Grant Thornton International. She heads the firm’s Markets Group, which handles public and press relations, external communications, and business development. A certified public accountant, Mai has been in public accounting since she started her professional career in 1991. In her fifth year in P & A in 1996, she was seconded in the firm in New York where she worked for a year and a half. She specialized in the audit of major real estate companies in the US.
When she returned to the Philippines in 1998, she married her then boyfriend Ed Bisnar, also a CPA whom she met at P&A before she left for New York. They now have five children: four daughters aged 18, 15, nine and seven, and an only son, 11 years old. Her husband has since joined his family business, which is in pharmaceutical distribution.
“People ask me, how do you manage with five children and you still have time to work?” Mae shares. This is where she applies her work-life integration. She rides with her kids in the car when they are brought to school in the morning. “It’s about 45 minutes to an hour’s ride from our house in Pasig to their school in Makati. That’s our bonding time. Without my asking, they feel free to tell stories about what is going on in school.” She is active in the PTA and manages to slip out from the office during breaks to attend school activities.
At home, her kids can leave “remind mom” notes in their study room for her to see when she gets home late from the office and they are already fast asleep. She in turn uses Post-it notes around the house to serve as reminders such as “switch off the light” or “don’t forget the keys.” It also helps that she can ask her mom to stay in her house when she has to be out of town.
“When they were very young, I used to bring them with me to work,” Mai recalls. “There was a small room at the office where we’d put up a tent so they could sleep while I worked overnight.”
She has since acquired a condominium unit near the office where her younger children stay after school and she can check on them midday. “You have to know how to switch on and off. It cannot be separated,” she says. “If your child needs you, you cannot make it wait, because you cannot concentrate on your work, anyway.”
“I am very fortunate that I work in a firm that is supportive and understanding,” Mai remarks. “The corporate values and my values are the same. They value family, and if there is something you need for your family, they will help you.”
Her eldest child was only two years and eight months old when she was diagnosed with leukemia. Mai was able to divide her time between attending to the chemo sessions of her daughter and a client, whose office happened to be near the hospital. Her daughter is now 18 and just entered Ateneo University, taking up Management Economics.
Originally from Gasan in Marinduque, Mai is the eldest of three children. Her father was a fisherman. She graduated valedictorian in high school, and went on a scholarship to the University of the East, where she obtained her bachelor’s degree in accountancy, cum laude. She completed the Management Development program with a superior performance at AIM, as well as the Strategic Marketing Management program at the Stanford Graduate School of Business.
Since her father was always out at sea, it was her grandfather, a World War II veteran, who was the disciplinarian. He always advised her to never settle for just being mediocre: “Habang maiksi ang kumot, magtiis kang mamaluktot.” She remembers when she graduated cum laude from UE and did not have enough money, so she and her friends settled for isaw bought from the vendor outside the school to celebrate. She often wonders where that vendor might be now. “Anything now that is beyond what I had when I was young is actually more,” she says.
She serves as a lector at the Greenbelt chapel three times a week and on Sundays in their parish church. “I need it,” she says. ”I pray for patience, with my children and at the office. My husband says my standards are too high.”
Part of her work at P&A is to raise the brand profile. “We are not just auditors and tax practitioners,” she explains, “we are also business advisors. We help our clients grow their business. We do a lot of thought leadership activities. We hold business forums where we gather CEOs and executives of companies to discuss topics that are important to them.”
Now in her 26th year with the firm, “I can’t imagine,” she says, “but if you like what you’re doing, time passes so fast. It’s a personal satisfaction. I want to inspire and empower women that they can have both a career and family.”
After she retires (she turned 47 on Sept. 2), she plans to put up a preschool in her hometown, where her sister is a teacher and principal, “because I believe education is key.” She is currently supporting some students in high school and college as her personal scholars.
Mailene still finds time for herself. She goes to the gym that is attached to her children’s school. She goes mountain biking with her husband. “All my kids have their own bikes, too,” she says. Everything she does is somehow connected to her family. She remembers her grandfather’s words: “Always remember what is important to you and hold on to that.”
As published in Philippine Star, dated 04 September 2017