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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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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
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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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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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Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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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
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Behind the Numbers: People of P&A Grant Thornton
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SURVEY PH is top in number of senior leadership roles held by women
08 Mar 2016MANILA — On International Women’s Day, a global survey by Grant Thornton reveals that the Philippines emerges as the top country with the highest number of senior leadership roles held by women in the Asia-Pacific. Its latest annual survey of 5,520 businesses in 36 economies highlights how, in the Philippines, 39% of businesses have women in senior management, recording the highest in APAC.
In developed countries across Asia-Pacific this figure has risen to 57% from 53% in 2015, while it has fallen substantially among the regions’ emerging economies to 20% from 29% a year ago.
ESPANO
The new research also finds that just 23% of senior management roles in APAC are held by women. The APAC countries with the highest proportions of leadership roles held by women next to the Philippines (39%) are Thailand (37%) and Indonesia (36%), while the lowest proportions are reported in Japan (7%), New Zealand (19%) and Australia (23%).
P&A Grant Thornton Chairperson and CEO, Marivic Españo said: “The global trend of emerging economies outperforming their developed peers when it comes to diversity in business leadership is particularly visible in the APAC region. The Philippines, Thailand and Indonesia are among the world’s ten best-performing nations when it comes to the occupation of senior business positions by women. In these nations, a well-established culture of women receiving further education and advocacy of the women in business cause has spurred change.
“Meanwhile, progress in developed economies is simply not happening fast enough. Japan continues to have the world’s lowest proportion of senior women in leadership roles and, despite the introduction of paid maternity leave in Australia five years ago, the proportion of female senior managers in the country has increased very little since then.
“There is no one size fits all solution to the world’s leadership diversity shortfall but, as outlined in our new report, achieving progress will require the collaboration of companies, governments and women.”
Globally, the proportion of senior business roles held by women stands at 24%, up slightly from 22% in 2015. However, this minor uplift has coincided with an increase in the percentage of firms with no women in senior management, at 33% in 2016 compared to 32% last year.
The G7 is among the worst performing regions worldwide, with just 22% of senior roles occupied by women and 39% of companies with no women in senior roles. Meanwhile Eastern Europe reports the highest proportions of senior roles held by women at 35%, and just 16% of firms with no women in senior management.
Españo added: “Companies across developed nations have discussed diversity in leadership for long enough. It’s time to put their promises into practice and deliver results.
“We know that businesses with diverse workforces can outperform their more homogenous peers and are better positioned to adapt to a rapidly changing global business environment.
“Despite considerable efforts by governments and campaigners across the world’s best-developed economies to ensure best practice they continue to lag behind emerging markets in this area. The G7 countries could learn from Eastern Europe, where historic maxims around equality have created social norms in which women in business are not seen as a rarity or unconventional, and high-quality childcare is attached to many workplaces.”
For more information, please call (63)2 988-2288 or visit our website at grantthornton.com.ph. Follow us in our twitter account @pagrantthornton and our Facebook page P&A Grant Thornton.
As published in The Mindanao Times dated 16 March 2016