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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.
Making corporate culture count in recovery
03 May 2021
P&A Grant Thornton's newly opened satellite office at Vertis North in Quezon City offers employees residing north of Metro Manila a shorter commute to work.
The COVID-19 global pandemic has been like an ebbing tide for many businesses. When the waters receded, they found what lay beneath.
For Jun Cuaresma, managing partner and chief operating officer at P&A Grant Thornton, corporate culture is what will hold an organization together even when time and tides change.
This has never been more important than in the present business environment where companies have resorted to remote work due to strict lockdowns, he said. Many are now facing newfound challenges in fostering teamwork, tracking productivity and motivating people, among others.
"Fortunately, even before the pandemic, P&A Grant Thornton has already been investing in capabilities that will enable us to deal with these challenges," said Cuaresma, who also heads People and Culture Group of the 33-year old audit, tax, advisory and outsourcing firm.
One of these is enabling more than 1,100 partners and staff across its nationwide network to work from home (WFH).
When the lockdowns were enforced in March 2020, the firm easily adopted to the new work environment, as a work of-Base policy has already been in place and laptops with internet connectivity have already been provided to all professional staff, which comprise about 90 percent of the workforce.
To enhance the WFH environment, the firm raised the "communication allowance" given to employees for using their devices for internet connectivity and office-related calls and released a onetime "remote work subsidy" to cover furniture and other WFH essentials.
For staff members who still prefer to work in an office environment, the firm designed a hotel-like reservation system so employees can reserve office space before their visit. In addition, P&A opened a new satellite office at Vertis North in Quezon City, the latest addition to its string offices in Makati, Cavite, Cebu and Davao. Cuaresma said the company's investment over the years in making its information technology infrastructure more robust have also started pay off during this pandemic. The firm has been using cloud-based systems for human resource (HR) services and job performance evaluation.
Of late, it has been harnessing digital technology to improve employee experiences so staff can feel valued and included even as they are outside the workplace. Among the digital tools P&A recently launched are artificial intelligence-powered HR assistants "Pat and Annie" that can respond to employees' queries.
While the WFH setup is leading to greater productivity, the firm acknowledged these gains can also come at a cost to people's mental health and well-being. To help employees cope with personal anxiety, P&A gave free access to consultation with a psychologist, in addition to its telehealth consultation benefit. The firm also launched a free vaccination program to all personnel to support the government's goal of reaching herd immunity against the pandemic.
"Now, more than ever, we are realizing that people are the most important asset of a company. Their health and well-being will be a major focus area for any organization that is aiming to transform into a modern workforce." said Cuaresma.
As published in Philippine Daily Inquirer, dated 03 May 2021