-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
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.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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.
Philippine business optimism falls
14 Apr 2016OPTIMISM among senior business executives in the Philippines fell significantly last quarter from a year ago -- and at a rate bigger than falls recorded in Southeast Asia, Asia and the Pacific and globally for the same periods -- according to findings of a quarterly survey by Grant Thornton.
But Philippine readings were still better than those of the region and the world in general.
The firm’s latest International Business Report, whose results were e-mailed to journalists yesterday, was derived from a quarterly survey of chief executive officers, managing directors, chairmen or other senior executives of companies across industries.
Results of the survey were drawn from interviews with senior executives about their optimism over the country’s economy in the next 12 months, said Grant Thornton, an organization of independent assurance, tax and advisory firms.
The percentage of respondents who were optimistic as against those who were pessimistic came out at 56% last quarter, down from 84% in the fourth quarter last year and 86% in 2015’s first three months.
Globally, business optimism dropped to its lowest level in three years -- to 26% last quarter from 36% in 2015’s fourth quarter and from 33% in that year’s first three months. In Asia and the Pacific, confidence level slipped to 21% from 31% for both comparative previous periods, while for Southeast Asia it fell to 26% from 30% and 40%, respectively.
“Much of the sentiment across the region is linked to activity in China and while growth there is still expected to cool, there is a broad feeling that the pace and the extent of the Chinese economic slowdown has not been as bad as feared,” Ma. Victoria C. Españo, chairperson and chief executive of professional services firm P&A Grant Thornton, said in a statement released yesterday.
At the same time, Ms. Españo noted that “when businesses look internally at their own operations, the outlook is much brighter.” She noted that “[d]espite the wider uncertainty, many surveyed firms in the Philippines are confident about their prospects for revenue and employment plans.”
In the Philippines, optimism about revenues was at 66%, showing the balance of those expecting higher sales minus those who saw a decline. The figure is an improvement from 62% in the fourth quarter of last year but still lower than the 74% seen in 2015’s first three months.
Click to enlarge
Business executives in the country were also more optimistic about profitability, at 70% against 62% in the fourth quarter and 63% in 2015’s first three months.
In terms of employment, however, confidence slipped to 42% last quarter from 60% in the fourth quarter of last year and 56% in 2015’s first three months.
In terms of selling prices, the net balance (those expecting an increase less those who see a decrease) dropped to 34% last quarter from 62% in 2015’s fourth quarter and from 47% in that year’s first three months.
Asked on growth initiatives their businesses were likely to undertake in the succeeding 12 months, respondents gave as top three options: “improve sales force effectiveness” (80%), “incentive productivity improvements” (78%) and “increase investment in marketing” (64%).
The other areas were: “develop and/or launch a new product or service” (30%), “expand your business domestically” (14%), “access new sources of funding” (6%), “recruit specialist talent” (2%). “Expand your business overseas” and “merge with or acquire another business” both got zero responses.
Grant Thornton said the research “finds that a potent combination of fragile financial markets, volatility in oil prices, concerns over terrorist attacks and political uncertainty” -- that includes prospects of the United Kingdom leaving the European Union and the US presidential race -- has “led to the majority of regions globally reporting a fall in their economic outlook.”
“The message from business across Asia Pacific is that their outlook for the economy has weakened in the last three months. A range of external factors will have played their role, not least the volatility we saw in financial markets in the first quarter which will have knocked sentiment,” Ms. Españo said.
Aside from optimism, senior executives in the Philippines were also asked about how they ranked economic uncertainty on a scale of 1 to 5, where 5 means it is a major constraint. Of those surveyed, 46% placed the level at 4 or 5, compared to 22% in 2015’s fourth quarter and 41% in that year’s first three months. On rising energy costs, 36% said the issue is a major constraint, against 32% in the fourth quarter and 41% a year ago. Exchange rate fluctuations were a lesser constraint, with 32% answering 4 or 5 on the scale, or lower than 34% recorded in the fourth quarter and 45% in the first quarter of 2015.
As published in Business World dated 13 April 2016