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Audit approach overview
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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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Tax advisory
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Tax compliance
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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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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
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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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Behind the Numbers: People of P&A Grant Thornton
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Number of Filipina executives plummets to 37%
04 Mar 2019The number of female executives in senior management positions at Philippine companies plummeted to 37 percent in 2019 from 47 percent in 2018, according to Grant Thornton International Ltd.’s Women in Business 2019 report.
P&A Grant Thornton chairperson and chief executive Marivic Españo said the dip did not take into account the government’s recent measures to provide flexible working arrangements for women.
Españo said, however, that Filipino women still play significant roles in their organizations with top three roles of Filipino women in business as human resources director, chief finance officer and chief operating officer.
Filipino businesses were observed as taking different measures to improve or preserve the gender balance in leadership teams, according to the report.
These initiatives included ensuring equal access to development work opportunities, providing mentoring and coaching and enabling flexible working environment.
Female executives in the Philippines cited the lack of access to developmental work opportunities, finding time alongside core job responsibilities, caring responsibilities outside work and lack of access to networking opportunities as barriers that stopped them from acquiring the skills and attributes to be successful in their roles.
The percentage of businesses globally with at least one woman in senior management rose to 87 percent, an increase of 12 percent from last year. Based on data from the global survey, publicly owned companies are almost twice as likely to have women in senior management positions.
Overall, women now hold 29 percent of senior leadership positions globally.
While this was only up 10 percent over the past 15 years of research, half of the increase was achieved in the last 12 months alone.
When it comes to the role of the CEO or managing director, only 15 percent of businesses globally have a woman leading the business.
“If we want to continue seeing female representation in senior positions, more deliberate action needs to be taken and leaders will play a crucial role. Policies that address equal opportunity in careers, bias in recruitment, and flexible working cannot just be a nice to have,” Españo said.
“To achieve meaningful progress, they must be adhered to, enforced, and regularly revisited to assess their effectiveness and, when that is combined with real commitment from senior leadership, you begin creating a truly inclusive culture,” she said.
Españo said gender diversity is definitely right for business as there is compelling evidence of the relationship between diversity of thought and innovation, leading to enhanced business performance.
“Furthermore, women and men are equally capable of good leadership; the critical point is that diverse leadership teams tend to outperform their socially homogenous rivals,” she said.
As published in Manila Standard, dated on 04 March 2019