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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.
Go global
04 Oct 2017It was a great blessing to see nine European countries in a span of two weeks. The grand tour allowed me to experience many beautiful things in that part of the world—its unique flora and fauna, old architecture, and many other sights. My travel mates during the tour were from different countries. I could not even count with my fingers how many nationalities were represented in that 45-seater bus.
That tour bus is like a microcosm of how easy it is now to go global. As I sat in the bus while passing through the streets of Trier, Germany, I realized that businesses—particularly if your clients operate globally—must seriously consider offering their services or products to the global market as well.
Going global is the main focus of a conference I attended in Brussels, the primary reason I was in Europe. As someone who serves clients that have a presence in other parts of the globe, I recognize the importance of being able to serve them wherever they are. Growth for our customers is sometimes found through building an international presence. Thus, we should be willing to go and grow with our clients. As part of the Grant Thornton network with presence all over the world, collaboration and learning from one another in this competitive landscape will help propel us forward in the global market.
Technology is making the world smaller. Doing business globally is now a must, as one of the invited speakers during the conference emphasized. Technology is helping break down the barriers to doing business outside your home country. Thus, the prospect of being left behind, of waking up one day and realizing your business is no longer relevant, is now one of the worst fears of business owners. This prospect could either happen because international players are creeping into your domestic market or your local competitors have found a way to expand outside your home country. Without a global presence, even the client who is loyal to you will look for another partner who has the global capability.
Francois Pons, a global leader in business process solutions within the Grant Thornton network, emphasized the urgency of working together to achieve our desired growth. Reinvigorating and connecting the global outsourcing community is one way to jumpstart this process. In the Asia Pacific region, for example, we thought of connecting through cross-collaboration and teamwork among member firms. Cross-collaboration allows us to see the multi-geography opportunities surrounding us. It also prevents us from falling into the trap of having a homogenous approach to serving customers in different locations.
Being present in multiple countries is one thing; making sure that such presence drives growth is another. A global presence with a focus on service offerings can be a sound approach. Not all entities that have tried to go global succeed in their ventures. Hurdles such as difficulty in navigating the government landscape,
unfamiliarity with customer preferences, and failing to establish trust with customers and suppliers are some of the common reasons international expansion fails. Being aware of these pitfalls may allow a company to plan how it will execute its global strategy.
Grant Thornton has dynamic clients with a vision to grow globally, and we have no choice but to go where they go. We must invest in winning major accounts and projects as a global network. We should start somewhere. Piloting a client across our region could be a good starting point. Doing this may require certain investments, like any other business decision.
It is riskier, however, not to invest now and see your business being overtaken by competitors who bravely invest in going global. Everyone at the conference agreed that each member firm has its own capabilities. If these capabilities are put together in strengthening our presence in the market, we will most likely achieve our desired growth.
Today, we have no choice but to look forward to having a global presence, serving global clients. As technology progresses, our world gets smaller, and our only choice is to go global.
Paz Malubay is a partner at P&A Grant Thornton. She is also the EVP and managing director for Payroll of P&A Grant Thornton Outsourcing, Inc. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines, with 21 partners and more than 850 staff members. For your comments, please email paz.malubay@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. For more information about P&A Grant Thornton, visit our website www.grantthornton.com.ph.
As published in The Manila Times, dated 04 October 2017