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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's Ben Punongbayan receives the Parangal San Mateo award
22 Jul 2016Benjamin ‘Ben’ Punongbayan, the founder of P&A Grant Thornton, is a recipient of this year’s “Parangal San Mateo Award” by the Philippine Institute of Certified Public Accountants (PICPA). The awarding ceremony will be held at the EDSA Shangri-La Hotel.
Ben’s almost fifty years of experience in public accounting not only in the Philippines, but in Malaysia and the U.S. was marked with exemplary performance with him mostly at the helm.
Prior to taking up Accounting in the Far Eastern University, Ben earned a degree in Commercial Science and graduated with Highest Honors from the Philippine College of Commerce, now the Polytechnic University of the Philippines.
When he took the CPA board examinations in 1959, Ben got the third highest in overall ratings.
Later, he pursued graduate studies and obtained his Master’ degree in Business Administration from the Wharton School of the University of Pennsylvania.
After finishing college, he joined one of the most distinguished auditing firms in the Philippines at that time. Ben was soon reassigned by this firm’s affiliate in Malaysia where he helped develop that affiliate to become one of the best in the country. Upon his return to the Philippines, he continued his outstanding performance and was later made the Audit Division head of the firm.
In 2009, Ben established “Buklod,” a national political party, based on his belief that a way to lead the nation into a sustained economic development and to eradicate the persistent poverty in the country is to organize a group of well-meaning Filipinos into a cohesive and well-disciplined political movement, to try and gain political power under existing rules.
Throughout his long career, Ben has been active in professional, business and civic organizations. He has had a leadership role in a number of professional and civic organizations, providing innovations and improvements in the delivery of service to the members of these entities. Additionally, he served as one of the Board of Directors of several business organizations where he participated in the deliberation of many national issues.
Among the accolades he has achieved throughout his career are the Most Outstanding CPA in the Public Practice, conferred by PICPA and Outstanding Professional of the Year in the Field of Accountancy from the Professional Regulation Commission. He was also given the Hall of Fame Award by PICPA; Lifetime Achievement Award by the Association of Certified Public Accountants in Public Practice (ACPAPP); Diamond Jubilee Outstanding Alumnus Award from Far Eastern University; and Outstanding Manilan of the Year.
Ben also organized a Foundation honoring his parents – the ImoAdang Foundation - which provides assistance to less fortunate students from elementary to college. The Foundation shoulders their school fees and allowance for meals and transportation. The most significant project of the Foundation to date is enrolling high school graduates to TESDA and providing them with transportation and meal allowances regularly.
In 1988 Ben, along with Jose G. Araullo, established Punongbayan & Araullo, now under the brand name of P&A Grant Thornton. From its original team of only seven CPAs, the firm has grown to a 700-strong work force with offices in Makati, Cebu, Davao and Cavite.
Together with Joe, Ben has steered the Firm to what it has become today. P&A Grant Thornton is a leading professional services firm committed to unlocking the potential for growth of both its people –through its various professional development programs- and of dynamic organizations – by providing insightful, actionable advice and services. The Firm delivers value-added services to clients through the client-caring team of outstanding audit, tax, advisory and outsourcing business professionals who utilize leading-edge systems and technology and are guided by the highest standards of quality, integrity and competence. The Firm’s clients continue to enjoy superior customer experience and rely on us to help them achieve their business objectives.
The people of P&A Grant Thornton share a commitment to excel in the endeavor they undertake both in the exercise of their profession and their involvement to worthy causes, earning recognition from their peers and the business community. Guided by the CLEARR values (collaboration, leadership, excellence, agility, respect, and responsibility), P&A Grant Thornton’s main goal is to unlock the potential for growth of its clients, its people, and the community. This serves as the firm’s competitive edge. In addition, P&A Grant Thornton provides services which are tailor-made to the clients’ needs.
The Parangal San Mateo Award is bestowed to the CPA who continuously and consistently excels in the profession in terms of leadership and propagation of the ideals of integrity and professionalism.