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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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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.
Given the shortage of skilled labor and the potential cost savings involved, more and more organizations are outsourcing their knowledge-intensive businesses to the Philippines and other Asian countries.
The Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) industries have opened exciting job opportunities and have given professionals the chance to work and be exposed to an international working environment. Although categorized separately, KPO is primarily part of the BPO sector. KPO, however, requires an enhanced skill set and educational background. Nonetheless, the tasks and responsibilities in both of these sectors vary in complexity and nature.
BPO remains one of the most robust sectors in the country, as it shows to be the fastest-growing industry. In 2010, a report by IBM’s Global Locations Trend declared the Philippines as the world’s BPO capital, overtaking India. Moreover, the Contact Center Association of the Philippines cited data from The Everest Group, a Texas-based global consulting and research firm indicating that the Philippines is seen to continue being the biggest contact center market this year, taking about 16 to 18 percent of total outsourced services globally.
There is a wide array of career options for recent graduates to choose from and work their way through quick professional advancement. BPO companies have become aware of providing long-term career growth opportunities to counter attrition, continuing to provide higher value-added activities such as KPO. Working in a BPO company gives employees a chance to advance their career from specialists to leads to executives in a few years’ time owing, of course, to good performance and the continuous honing of technical and soft skills.
Making a career out of BPO or KPO could be the right choice for young accounting professionals who prefer the challenge of the global work front. However, long hours, more rigid work hours, and an immense amount of pressure are to be expected. On the other hand, a wide range of training options and steadfast support to acquire higher education are available to both augment and acquire skills. As part of the corporate culture in a BPO setup, acquiring extra skills is a combination of training, certification, and internal job rotation. Therefore, it is imperative to actively volunteer for training, certification programs, and new job roles that would further career growth.
In building a long-term finance and accounting career in a BPO, one should set a medium-term goal and spend a minimum of four to five years in a BPO outfit to gain in-depth knowledge of functions and end-to-end operations. Anything less and jumping from one outfit to another would keep one from gaining traction in the field.
Moreover, BPOs today are focusing on promoting people from within the ranks, ensuring faster career growth for employees who stay, as opposed to those who frequently move. Further, BPOs are developing leadership skills through internal management programs that create a pipeline of future leaders by identifying and grooming talent in the existing workforce.
Mapping performance metrics and honing soft skills are an integral part of the development in a BPO company. Managerial and operational skills are not the only skills to master; soft skills such as people management, communication, cultural sensitivity, and a high level of professionalism are a must. Key result areas are regularly monitored and are the basis for performance-based bonuses.
The growth of the outsourcing industry has seen a positive upsurge in many parts of the country. The abundance of employment opportunities and clear professional growth for young, aspiring accountants are evident in a BPO setting. However, one should push oneself ahead, as organizations are clearly more than willing to meet talents halfway on a journey to enhance career opportunities.
Elie Marcelo is a Managing Director of the Business Process Solutions (BPS) of P&A Grant Thornton. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 900 staff members. We’d like to hear from you! Tweet us: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to elie.marcelo@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 29 November 2018