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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.
Professional coaching drives business growth – study
02 Sep 2017Vast majority of companies with professional coaching program reported higher profitability because coaching unlocks latent sources of productivity and builds confidence among employees in meeting demands at work, according to a study.
Lorraine Parkin, head of tax, Grant Thornton Singapore, who spoke before Grant P&A Grant Thornton’s “Coaching for Growth” cited the 2009 ICF Global Coaching Client Study which showed that 86 percent of companies that underwent coaching were at least able to recover their investments.
The study also noted of increased productivity with 70 percent improvement in work performance, 61 percent improvement in business management, 57 percent improvement in time management, and 51 percent improvement in team effectiveness.
This means that professional coaching maximizes potential and, therefore, unlocks latent sources of productivity, Parkin said.
Employees also become positive people with 80 percent reporting improved self-confidence, 73 percent improved relationship and communication skills and 67 percent improvement in live/work balance.
Building the self-confidence of employees to face challenges is critical in meeting organizational demands, the study said.
Marivic Espano, chairperson and CEO of P&A Grant Thornton, said professional coaching is not yet being practiced in the Philippines, but it is more common among multinational companies doing business here.
Espano said that ICF Philippines is part of the international federation where professional coaches can be tapped and where potential coaches can also register.
“The idea of professional coach is not yet that clear in this country,” said Espano, who shared that some consider a coach as a friend, a priest or a counsellor who can spend time with the coachee and provides answers.
“But a professional coach is different because coaching is more structured and has an agenda to be achieved within a defined period,” she said.
In the case of P&A Grant Thornton, Espano said the organization expressed the need to be coached.
“We feel it was needed to support the people strategy,” she said. They also have a scoreboard to measure the effectiveness of the coaching program.
Parkin also explained that professional coaching is like having a conversation with somebody where the coach is like a sounding board whether face to face, tele-coaching, one-on-one, triage, group, or peer to peer.
“The least the coach talk, the better,” she said.
Instead, a coach plays the role of an active observant listener, committed to personal development or action plan, respectful and flexible, conducts appreciate enquiry, share experiences and ideas but is not giving instructions. The person being coached is the one driving the relationship.
The benefits of coaching for the individual is it clarifies and prioritizes goals, improves performance, active learning and improves moral.
For the business, it means the company believes in investing in its people, improves motivation, resolves personal issues which may otherwise have affected the business, it will increase retention of workers and improves work performance.
As a result, coaching improves productivity and results for the business.
Parkin said that professional coaching is growing rapidly among businesses. She cited data from ICF Global showing that 99 percent of organizations that underwent coaching were satisfied with the overall experience.
As published in Manila Bulletin, dated 02 September 2017