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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.
Testament to the high level of recognition and empowerment achieved by Filipino women through the decades is the recent inclusion of two Filipino women among international publication Time Magazine’s “100 Women of the Year” special issue this March, observed here and elsewhere as “women’s month.”
And the two women are indeed notable: the late former president Cory Aquino, and news website Rappler head Maria Ressa. Aquino was named “Person of the Year” in 1986, for “defending democracy at the height of the Marcos regime,” and then stepping into the presidency after the Marcoses fled in exile. Ressa was one of four journalists cited in 2018, dubbed “The Guardians,” for their staunch defense of freedom of the press and the people’s right to information.
But this isn’t the lone development that makes this year’s observance of Women’s Month special. Even more noteworthy is the finding that the Philippines ranked first among 32 countries surveyed in having the biggest number of women holding top leadership roles. Grant Thornton International’s 2020 Women in Business Report found that 43 percent of Filipino women executives are holding senior management positions. The country was followed in the rankings by South Africa, Poland, and Mexico. The other countries studied in the report were Argentina, Armenia, Australia, Brazil, Canada, China, France, Germany, Greece, India, Indonesia, Ireland, Italy, Japan, Malaysia, the Netherlands, Nigeria, Russia, Singapore, South Korea, Spain, Sweden, Thailand, Turkey, the United Arab Emirates, the United Kingdom, the United States, and Vietnam.
Note that the Philippines outranked even countries widely perceived as progressive and equitable, including Canada, Sweden, the United Kingdom, and the United States. Local data from the report, says a news item, indicate that the top three roles of Filipino women executives are chief finance officer at 38 percent, human resources director at 36 percent, and chief operating officer at 23 percent.
Marivic Españo, the chair and chief executive officer of P&A Grant Thornton, the local affiliate of Grant Thornton International Ltd., observed that “the most significant roles in business operations—strategy, finance and people—are being held by women.”
The news about the high ranking of women executives in the country certainly deserves to be highlighted and celebrated. But it is only one corner of a bigger picture: the overall welfare and status of Filipino women and girls, and not just the managerial, power-suited class.
And here we bump our heads against harsh reality. Overall, Filipino women constitute the real “poorest of the poor,” poorly paid (if paid at all), less nourished and cared for, subject to violence and sexual exploitation even from a young age even at the hands of family members, and expected to sacrifice their own health, welfare and dreams for those of their parents, husbands, partners, and children. Indeed, the only aspect of life where women and girls outdo their male counterparts in the country is education, with parents more willing to invest in the education of their daughters as manifested in the higher enrollment rates for them; and resulting in greater numbers of female students at the tertiary level. But after graduation from college, the labor market remains hostile to women, thus explaining the exodus abroad of increasing numbers of women, even college graduates, to take up domestic or low-paying jobs.
Indeed, the women executives covered by the Grant Thornton report, and the exalted status granted to the likes of Cory Aquino and Maria Ressa, may unwittingly and ironically even end up as a big obstacle to addressing the overall plight of ordinary Filipino women, especially in the age of the misogynist Duterte administration. The accomplishments of women executives, and the limelight thrown on women in diverse fields like academe, politics, law, medicine, fashion, and entertainment, may serve as blinders on everyone else who has the power to change the fundamental status of the majority of women.
To be fair, women in the professions have for many years become aware of the fundamental injustice that underlies the differences not just in gender entitlements, but, more important, in the structures of our society. Imagine how things might change, and change swiftly, if empowered women employed all their entitlements to changing the lowly status of all the women and girls around them.
As published in Philippine Daily Inquirer, dated 07 March 2020