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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 ushers in a new era with a fresh set of exceptional leaders
As P&A Grant Thornton marks its 35th anniversary this year, the firm also celebrates an important transition in leadership as the company welcomes a new breed of exceptional leaders.
In today’s fast-paced and ever-changing world, the firm embraces this new chapter, banking on its leaders and its 1,600-strong people to carry out a compelling strategic vision with an unwavering dedication to client service.
As before, the goal for P&A Grant Thornton is to make sure it satisfies the needs of its diverse roster of clients and, along the way, help redefine industry standards and leave a lasting impact on the business advisory landscape.
Among the distinguished leaders tasked with leading the firm to greater heights is Atty. Olivier “Vier” D. Aznar, the newly appointed vice chairman and deputy managing partner. The firm also appointed Romualdo V. Murcia III as its new chairman and managing partner.
With almost 24 years of service and dedication to the firm, Vier’s career trajectory is a testament to his exemplary leadership and commitment to excellence.
As a leader, Vier places a strong emphasis on integrity, considering it a non-negotiable value in their line of work. He also exhibits a remarkable leadership style, by valuing diverse perspectives, seeking input from others, and ensuring that there are various channels in the organization wherein everyone’s voice could be heard and appreciated.
He recognizes the importance of learning from one another and fostering a culture of coaching and mentorship within the company, ensuring that no employee feels alone in their growth journey.
“Every single person at P&A Grant Thornton is a valuable contributor who should be treated with equal respect. I don’t consider myself or any person as a better professional than others in our organization, as I believe that we just have our own different roles, and that all of us are capable contributors to the cause of the firm. We understand that there is no one-man team in this industry and that we must work together—and learn from each other—to further thrive,” he told the Inquirer in an exclusive interview at the company’s office in Makati City.
Vier’s journey with P&A Grant Thornton began humbly as a junior staff member in the audit division. Through hard work and determination, he steadily advanced within the organization, assuming various roles, including managerial positions in both the audit and tax divisions, then tax director, and finally partner.
Notably, Vier’s academic achievements include passing the October 1999 Certified Public Accountant (CPA) licensure examination where he obtained the 16th highest overall rating. He graduated cum laude from the University of the East Manila with a degree in accountancy and earned the honor of being the College Academic Excellence Awardee and the Most Outstanding University Graduate in 1999. Thereafter, he pursued law at the San Beda University, and subsequently became a member of the Integrated Bar of the Philippines. Recently, he also completed the Grant Thornton Senior Leadership Programme in Harvard Business School in Boston, US.
A key driving force for the firm’s success is its client-oriented culture. With a deep commitment to genuine care and responsiveness, they provide top-notch service to their clients, understanding that their success is intertwined with the satisfaction and well-being of their clientele. The company’s expertise lies in providing business advisory services on different phases of the client’s business life cycle.
To navigate the fast-changing business advisory industry, Vier and the newly appointed partners are keen on expanding the firm’s reach and visibility.
“We would be reaching out to more organizations more proactively to help them and present solutions to possible problems they may not even realize they have. As the business environment evolves, we remain dedicated to adaptability and excellence, making sure our practices are not antiquated and are relevant in today’s fast-paced world,” he said.
Despite the industry’s fierce competition, P&A Grant Thornton stands firm in its conviction that its strengths lie in its “people care” approach and client service-oriented mindset. These continue to provide the firm with repeat engagements from clients and foster lasting relationships with them.
One challenge faced by the firm is the shortage of CPAs in the Philippines. In response, P&A Grant Thornton takes proactive measures, providing extensive trainings and opportunities to non-CPA graduates-hirees to equip them with the necessary skills for the job.
With all the challenges faced by the firm and by Vier in his professional journey, his response against work stress was, “If you have the prettiest woman in the world as your wife and you have two very lovable kids, which I believe, I am fortunate to have; for me, every stress that you can think of would be gone in a quick glance by just looking at them. And of course, on top of all, prayers really work wonders.”
As P&A Grant Thornton embraces the future with its new leaders and partners, it remains grounded in its mission to deliver exceptional service while fostering a culture of respect, collaboration, and growth.
With Vier and the new batch of leaders and partners at the helm, the company is poised for continued and sustained growth, making its mark as an industry leader known for its genuine care and commitment to its clients.
As published in Philippine Daily Inquirer, 28 July 2023