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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.
Navigating the complex world of taxation with purpose, passion
Wendell received a brass sculpture to commemorate his 30 years of service at P&A Grant Thornton.
Tax expert Wendell Ganhinhin of P&A Grant Thornton shares valuable insights from his 30-year-journey in the industry.
In an era where tax laws and regulations are constantly shifting, Wendell Ganhinhin stands out as a seasoned expert who has dedicated more than three decades to helping businesses navigate the complex world of taxation. As the Tax Advisory and Compliance Practice Leader at P&A Grant Thornton, Ganhinhin's journey from humble beginnings to becoming a key figure in the firm speaks volumes about adaptability and dedication in a field that demands constant vigilance.
Starting his career as an audit staffer in Makati, Ganhinhin eventually found his way to the tax compliance team, where he flourished. Over time, he was unanimously chosen by his peers to lead the firm’s tax advisory and compliance division, proof of his expertise and leadership qualities.
Today, Ganhinhin oversees a team of individual based in Luzon, Visayas and Mindanao. His role involves balancing revenue and costs, as well as ensuring client compliance. “The tax practice is critical for any company,” Ganhinhin said. “Non-compliance with tax regulations can lead to hefty penalties and interest, which could directly affect a company’s bottom line.”
A deep love for his work has fueled Ganhinhin’s 30-year career in tax advisory. “I love what I do,” he said. “There’s fulfillment in helping companies comply with tax regulations, knowing that, in a way, we’re contributing to the growth of the economy.” This passion drives him and his team to stay ahead of tax law changes and implement proactive measures that help their clients.
One of the most significant challenges Ganhinhin faces is the dynamic nature of tax regulations. “Tax laws are always changing, and if you’re not updated, non-compliance is almost inevitable,” he says. To combat this, Wendell’s team regularly hosts webinars, seminars, and training sessions to ensure that both clients and internal staff are always informed of the lates developments.
Beyond compliance, P&A Grant Thornton and its tax partners like Wendell also play an active role in shaping tax policies in two different fronts as representative of P&A and as representative of different organization during public and legislative hearings. AS Vice President of Cebu Chamber of Commerce & Industry (CCCI) and Vice Chair of the Taxation Committee under the Philippine Chamber of Commerce and Industry (PCCI), he and his team submit position papers and contribute to legislative deliberations. “We’re consulted by the BIR and Congress to provide insights on pending tax bills,” he said, underscoring the collaborative relationship the firm has built with key government agencies.
As Ganhinhin looks ahead, he sees major trends on the horizon that will reshape the tax landscape. One such trend is the Base Erosion and Profit Shifting (BEPS) Pillar 2, which aims to impose a 15% global minimum tax to large multinational companies. He believes this could impact the country’s ability to attract big foreign investors, as the government will need to adapt its tax incentive structures to remain competitive.
Another hot topic is the proposed taxation on digital services, which he sees as having a direct impact on local businesses as well as ordinary citizens.
Through all of this, Ganhinhin is most proud of how P&A Grant Thornton positions itself not just as a compliance partner, but as an advocate for businesses big and small. “As a big firm, we naturally attract multinational and large domestic companies,” he said. “Their compliance requirements are sophisticated, and they come to us because we have the resources, manpower, and experience to handle those needs. But our services are also available to smaller businesses, and we are proud to assist them as well. We are providing free mentoring services and free seminars to MSMEs.”
His vision for the firm isn’t limited to the local market either. Wendell believes that P&A Grant Thornton’s team possesses the global competencies needed to succeed internationally.
At the core of Ganhinhin's philosophy is the idea that taxation is vital to nation-building. “Taxation is the lifeblood of our country,” he said. “Without taxes, we cannot fund essential services or pay our government workers.”
Ganhinhin’s leadership at P&A Grant Thornton highlights the importance of collaboration, both within the firm and with external stakeholders. He encourages his team to engage not only in the technical work but also to get involved with professional organizations such as Philippine Institute of Certified Public Accountants, PCCI, CCCI and others, which broadens their skills and perspective.
Ganhinhin’s proactive approach to taxation also involves open communication with the Bureau of Internal Revenue (BIR). “The BIR is very open to feedback from the private and professional sectors,” he said, pointing to the partnership with the agency through different professional and business organizations in crafting practical solutions to complex tax issues.
Looking forward, Ganhinhin is confident that as long as businesses continue to face the challenges of compliance, firms like P&A Grant Thornton will remain essential partners in helping them succeed. Ganhinhin’s journey offers valuable insights into what it takes to succeed in the world of taxation---a blend of passion, adaptability, and a commitment to nation-building. By staying ahead of industry trends and maintaining focus on collaboration, Ganhinhin has helped position P&A Grant Thornton as a trusted advisor for companies navigating the complexities of tax compliance.
As published in Philippine Daily Inquirer, dated 21 October 2024