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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.
Transformation redefined: Putting transformational leadership at the heart of business
In a post-pandemic world, the idea of revisiting and building on existing corporate management policies has never sounded more enticing. Inspiring others and being visionaries for change has become the goal of companies and their leaders, intent on looking past actions that did not work and channelling a renewed optimism that after all the upheavals during the pandemic, lessons gleaned can help foster business growth.
That said, more businesses are cultivating a culture that places emphasis on transformational leadership. This is an old concept gaining increased interest today, more than four decades after James MacGregor defined transformational leadership in 1978. He mentioned that the idea of transformation is not just directed towards leaders but to all employees, fresh graduates and new hires included. At the heart of this principle is the realization that as challenges to business arise, corporate management must prepare for them by being more proactive, going beyond old solutions, and introducing new policies that inspire employees to innovate and be more resilient to change.
The benefits of transformational leadership
Transformational leadership, or the ability to engage people to change and improve, covers the ways leaders can assess and satisfy the needs of their team members. Its benefits are many. Think lower turnover costs. Because leaders who employ this type of leadership style have been found to keep their staff inspired, employee turnover rates are reduced. And as staff are more engaged and motivated, their productivity levels increase.
Likewise, results of the McKinsey Global Report also show that when companies take on more transformative policies and actions, they become much more likely to succeed in its corporate goals and agenda. Looking at it in a broad perspective, the benefits of incorporating transformative leadership styles is more boon than bane for business.
Ultimately, there are four factors unique to transformational leadership that businesses can consider implementing in the workplace.
Idealized influence
When leaders become effective role models, their team and staff tend to trust and respect their decisions more easily. This is the core principle behind idealized influence as a factor of transformational leadership. Because they are perceived as exemplary figures of the organization, their staff identifies with them and are able to emulate their actions.
Inspirational motivation
When managers aim to persuade and continuously motivate their teams, they are also able to foster team spirit. Inspirational motivation suggests that when leaders are able to express clear goals and evoke a sense of commitment and positive, collective action among their peers, they contribute to overall work productivity and growth of their company.
Intellectual stimulation
When the pandemic hit, new ways of work had to be implemented. This scenario did more than just keep leaders on their toes; it allowed them to tap their inner resilience and think of innovative ways to keep business going. Intellectual stimulation suggests that leaders must go beyond challenging the norms and go out of their way to foster an innovative, creative mindset among their colleagues.
Individualized consideration
Aside from training, coaching and mentoring contribute a whole lot in making assessments and keeping communication open between staff and leaders. When these initiatives are rigorously maintained, management is able to encourage employees to reach not just their individual goals in the company but also help them advance their careers.
When these factors are met, corporate management will be able to help employees grow and transform their individual actions into more meaningful business efforts. Aside from following these steps, leaders, will also be able to benefit from engaging in various executive learning and training programs, where they will be able to learn more about transformative leadership through formal, leadership-led discussions.
While there is no one-size-fits-all solution to hasten and improve the transformation leadership process, businesses can create their own policies which take into account ways that can further inspire and motivate all employees. This, along with business resiliency efforts, can pave the way for companies to get sturdier footing amidst a volatile business environment.
As published in BusinessWorld, dated 01 June 2022
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![Leo Salvador]()
Leo Salvador Leo is the Senior Manager from the Knowledge and Management Group of P&A Grant Thornton. He is part of the Senior Leadership in Finance Program, a speaker-led training and discussion on transformational leadership organized by P&A Grant Thornton and the Financial Executives Institute of the Philippines (FINEX). To know more about the program, you may contact the FINEX Academy through: Michael Vinluan, Executive Director, FINEX – mbvinluan@finex.org.ph. Or Shaine Cervantes, Administrative Assistant/Support Staff, FINEX Academy – wdsecervantes@finex.org.ph
