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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.
P&A Grant Thornton: Charting a Vibrant Future with new Exceptional Leaders
MANILA, Philippines – Building on its impressive legacy, P&A Grant Thornton proudly announces the appointment of its new Chairman and Managing Partner Romualdo V. Murcia III, its Vice Chairman and Deputy Managing Partner Olivier D. Aznar, and nine new partners effective July 1, 2023. These exceptional leaders bring a wealth of experience and expertise, ensuring the Firm's continued excellence in providing audit, tax, advisory, and outsourcing. With their strategic vision and guidance, P&A Grant Thornton is poised to redefine industry standards and surpass expectations.
P&A Grant Thornton, one of the leading players in providing audit, tax, advisory, and outsourcing services in the Philippines, has established itself as a trusted partner for dynamic businesses, consistently delivering exceptional service and surpassing expectations.
Incoming Chairman and Managing Partner, Romualdo "Boyet" V. Murcia III, and Vice Chairman and Deputy Managing Partner, Atty. Olivier "Vier" D. Aznar, are set to lead P&A Grant Thornton into a new era of success. With their youthful energy, wealth of experience, and strong work ethic, they are poised to build upon the Firm's legacy and drive it to greater heights.
Boyet, a homegrown talent of P&A Grant Thornton, has risen through the ranks, showcasing exceptional leadership skills and extensive experience in public accounting. He joined P&A Grant Thornton because he resonated with the Firm's humble beginnings and commitment to excellence. He worked his way up from the Audit Junior position to where he is today. He is currently the National President of the Association of Certified Public Accountants in Public Practice and holds, or has held, prominent positions in other professional organizations including the national association of CPAs, the Philippine Institute of Certified Public Accountants, where he served as President of the Southern Metro Manila Chapter from 2016 to 2017. He is a member of the Philippine Chamber of Commerce and Industry and the Management Association of the Philippines.
Boyet finds satisfaction in resolving client issues and delivering high-quality work. He emphasises the importance of the auditor's role in providing confidence to investors and the general public. He has been serving for many years as the Firm’s practice leader of the Audit and Assurance practice area and has consistently fulfilled the Firm’s vision, mission, and values while delivering effective services and nurturing high-performance staff. His expertise in auditing local and multinational companies across diverse industries, coupled with his strong educational background and achievements, make him an invaluable asset to P&A Grant Thornton's leadership team.
Joining Boyet is Vier, also a homegrown talent, who brings a unique blend of expertise as both a certified public accountant and a lawyer. With over two decades of experience in the auditing and professional services field, Vier's hard work and determination led him to pursue both accountancy and law. With a focus on the Firm's tax advisory and compliance division, Vier's deep understanding of tax-related matters and his commitment to professional development make him an ideal choice for his new crucial role, where he aims to contribute to the development of staff and the growth of the Firm. His comprehensive experience in auditing and in tax compliance and consultancy services will further enhance P&A Grant Thornton's position as a leader in the industry.
Boyet and Vier share humble backgrounds and outstanding academic credentials, both graduating with honors in their accountancy course and both getting high ratings when they took their CPA licensure examinations, with Boyet ranking first in the October 1997 examinations and Vier 16th in October 1999. As a Firm scholar, Boyet earned his MBA degree from the Asian Institute of Management, completing the final semester of the course at the prestigious Amos Tuck School of Dartmouth College in the U.S. Vier, on the other hand, studied law and gained admission to the Philippine Bar. Both leaders further honed their skills through advanced management programs abroad, Boyet attending a course at the Wharton School of the University of Pennsylvania and Vier attending the GTI Advanced Managers Programme Series in the U.S., Germany, and India.
The Firm's retiring Chairperson and CEO, Maria Victoria "Marivic" C. Españo, has served for 26 years, including 12 years as CEO. Alongside her, retiring Managing Partner and COO, Leonardo "Jun" D. Cuaresma Jr., has dedicated 35 years to the Firm. Both Marivic and Jun have left a lasting impact, paving the way for the new era of leadership.
With a solid foundation laid by past leaders, P&A Grant Thornton embraces a vibrant future under the guidance of its new leadership team. Additionally, the Firm proudly welcomes nine exceptional professionals as partners, further enhancing its capabilities and commitment to delivering unparalleled client service. These new partners, each possessing unique skill sets and industry knowledge, bring expertise in diverse industries. Their elevated roles within the organization reflect P&A Grant Thornton's dedication to nurturing talent, recognising excellence, and providing innovative solutions to clients.
The new partners include Lovely Charmaine A. Villamora-Dacanay, Marie Fe L. Fawagan-Dangiwan, Mary Grace Morales-Joboco, Raymond Joey D. Mamacus, Ariel V. Morales, Atty. Paraluman Andres-Neagoe, Arman B. Neptuno, Jonavell B. Santiago, and Niccolo Ian N. Unera. Their addition to the team of partners strengthens P&A Grant Thornton's capabilities, allowing the Firm to provide innovative solutions and strategic guidance to its valued clients. With this dynamic partnership, the Firm is well-equipped to navigate the ever-evolving business landscape and deliver exceptional value.
As P&A Grant Thornton enters a new era of leadership, blending experienced partners with fresh talent, it is excited about the future. The collaboration, synergy, and adaptability within this dynamic partnership will ensure industry leadership. With its vision and the expertise of its leaders, P&A Grant Thornton is poised to embrace a vibrant future of continued success.
As published in The Manila Times, BusinessWorld, The Philippine Star, Philippine Daily Inquirer, The Freeman, Manila Standard, Malaya Business Insight, Mindanao Times and One News PH, 02, 03 and 06 July 2023