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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.
Happy holidays from a global citizen
19 Dec 2018On December 25, Christmas Day: Filipino families will gather in their homes to share sumptuous food and exchange gifts under the bright and colorful lights of Christmas lanterns.
In the northern parts of the United States, Canada, and Europe, Filipinos will build snowmen in front of their snow-covered lawns while wearing thick coats to shield themselves from December’s cold. In the Middle East, after a hard day’s work, overseas Filipino workers (OFWs) will wrap their Christmas presents and send them to their loved ones in the country. Somewhere in Tokyo, lit by dazzling lights, Filipinos will group together and say a prayer or two for more prosperous years to come.
In other parts of the US, Asia, and the rest of the world, Filipinos will organize a community and invite a priest to celebrate the traditional Simbang Gabi (midnight Holy Mass). All over the world, Filipino diasporas will celebrate the holidays in ways that are uniquely Filipino. Filipinos are no longer citizens restricted to the archipelago. Filipinos are citizens of the globe — and they work very hard every day to make this world a much better place.
Former US Secretary of State Hillary Clinton, during one of her visits to the Philippines, said: “One of the great exports of this country is your people, and everywhere I go in the world, I meet Filipinos who are doing everything, every kind of job, making every kind of contribution.” She absolutely nailed it on the head. What sets Filipinos apart is their passion and total dedication to their craft in the hope of securing a bright future for their families back home. For this and many other things, let me make it clear: I am a Filipino and I am proud to be one.
We are a fierce nation that does not think twice about competing against the best of the best in the globe. Today, aside from OFWs who provide crucial support to the economies of developed countries, there are many renowned Filipinos in different fields. An easy case to point out is the amazing career of one the best boxers in the world, Manny “Pacman” Pacquiao, who many boxing analysts credit for reviving worldwide mainstream interest in the sport through his no-fear, all-action fighting style. In 68 professional fights (excluding the recent World Boxing Association title fight) over two decades, Pacquiao is the only fighter to have won a world championship in eight weight divisions. At 39, Pacquiao became the WBA world champion when he defeated reigning WBA (regular) welterweight world champion Lucas Mathysse at the Axiata Arena in Kuala Lumpur, Malaysia on July 15, 2018. Pacquiao has held world titles from the International Boxing Federation, World Boxing Council, World Boxing Organization, and now with WBA.
We can excel in every field, even the extremes. As Pacquiao dominated the brutal world of boxing, so did Hilary Diane Andales in science, Catriona Gray in beauty pageants, and Arnel Pineda in the subtle art of music and vocalization. Hillary Diane Andales from Tacloban City won the 2017 Breakthrough Junior Challenge, a worldwide science video competition where teenage students explain fundamental concepts in life sciences, physics, and mathematics. Her three-minute explainer on the theory of relativity and the equivalence of reference frames was selected as the 2017 winning entry. Catriona Gray is Miss Universe 2018 and is the Philippines’ fourth crowned Miss Universe (Gloria Diaz in 1969, Margarita Moran in 1973, and Pia Wurtzbach in 2015), making the Philippines number four in the list of countries that has produced the most Miss Universe winners. Catriona has captivated the world with her walk, wit, and wisdom. Arnel Pineda, of course, is the front man and lead singer of American rock band Journey.
Let us not fail to mention the late former President Corazon “Cory” Aquino and her martyred husband, Benigno “Ninoy” Aquino — both icons of democracy. Ninoy’s untimely death instigated the first People Power Revolution, which later became the inspiration of non-violent demonstrations around the world, including those that ended communist rule in Eastern Europe. Cory, the first elected female head of state in all of Asia, also championed democracy, peace, and justice from the moment she took office until the day she passed away, leaving the country in tears of gratitude. Cory was nominated for the Nobel Peace Prize in 1987.
It is the low-profile Filipinos, however, who try every day to make a difference, who are really the precious pearls of this nation. One of them is Efren Peñaflorida Jr., who was named CNN Hero of the Year in 2009 for his noble efforts to educate street children. There are many others like him in the 7,107 islands of the Philippines who have not yet been recognized.
Aware of the immense and boundless potential of Filipinos, companies in the Philippines, especially business process outsourcing (BPO) firms, are pooling together the most highly skilled, competitive, and talented individuals in the country. Filipinos serve global clients who continually cite us for the high quality of our output. BPO companies and shared services centers showcase the Filipino, because the Filipino is a first-rate worker and an excellent global citizen.
For this and many other reasons, let me say it again: I am a Filipino and I am proud to be one.
Happy holidays to all! Let us continue to share our love and blessings all year round, and may all our wishes come true this coming year.
Obet Cruz is a Senior Managing Consultant of Advisory Services. 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.
As published in The Manila Times, dated 19 December 2018