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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.
PH companies find ways to deal with disruption
22 Feb 2016How can companies deal with so-called “disruptive technology?”
Answer? Focus on customer experience.
Disruptive technology is the force that makes every company—whether big or small—re-evaluate its strategy for reaching out to valuable customers.
Robert Samuel of GT Australia said in a recent forum by Punongbayan and Araullo Grant Thornton entitled “Staying alive in the digital world,” the key is to let technology do its work.
Businesses should not fight it, rather let it work its magic on strategies, Samuel said.
“Technology is impacting everybody. There has been a lot of breakthroughs in disruption. It’s not new though. It’s been going on for a hundred years,” he said.
There are several ways to address digital disruption, he said.
“Respond to what clients really value. In order to grow and be successful, think differently on the way we see technology,” he said.
The Manila Electric Co., the country’s largest distributor of electricity, is not spared from the potentially adverse effects of digital disruption.
Thus, it embraced the benefits that technological breakthroughs can bring to the company.
Gavin D. Barfield, chief technological officer of Meralco, said Meralco, for example, made its monthly bills more transparent to the public, allowing them to take a closer look at what they actually pay every month.
Meralco also went online in a big way.
Viewing the bills as well as paying monthly dues were placed within easy reach of customers anytime, anywhere.
A steady stream of more innovative products and services should be explored once in a while so that the company would keep stride with the changing of the times, said Barfield.
Globe Telecom, meanwhile, has been at the forefront of technology since it sold its first mobile phone unit.
“But we are no longer selling cellphones nowadays. We are selling a lifestyle,” said Rebecca Eclipse, chief customer experience officer of Globe Telecom.
This entire lifestyle is anchored on the promise to keep everybody connected.
“Twenty years ago, our only ambition was to turn the cellphone into a wallet through G-cash. Today, everything centers around technology. But we don’t just develop products. We bear in mind that at the heart of each transaction is the customer. Never forget the customer,” she said.
She added, “You can buy technology. But what you cannot buy is heart.”
Eclipse shared that everything starts with language.
Each company must learn to converse with its clients.
“Create as many touchpoints on how your customers can communicate with you. Build omnichannels. It is important to be physically present,” she said.
She noted that most of Globe consumers, for instance, were comfortable using Facebook messenger and they use this instant messaging system to inform companies of any complaints.
Customers want answers to their queries immediately. They should not be allowed to wait, Eclipse explained.
Disruptive companies are indeed changing the rules.
But for Joel Garcia, server and tools group lead of Microsoft, employees should not be left out of the picture.
Companies must learn to leverage employees to gain scale.
He said education and constant learning would enable employees to contribute ideas that may help companies survive digital disruption.
It is in the harvesting of ideas where businesses can make the most of what they already have, he said.
Take the case of the emergence of cloud services and analytics and how companies are again taking stock of these developments and adapting them to their operations.
Why is the cloud so important for emerging markets like the Philippines?
It no longer needs physical structure. Both servers and storage can be accessed in less than five minutes. It gives ease in deployment of systems. More data can be stored to be evaluated in the future to better cater to consumers.
“Disruptive technology will continue to grow. Companies must man up. Provide better security to their data. Make cyber-security a top priority. Take it as an on-going investment for the future,” he said.
As published in Philippine Daily Inquirer dated 22 February 2016