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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.
Life is not fair
10 Jul 2019Having three kids, my wife and I often grapple with questions on our fairness to them. Do our kids equally receive the love each of them deserves? Do we give them with the same amount of affection, time, and engagement? Do we play favorites? The quest for fairness is manifested in different ways, and is highlighted in different facets of our lives. We look for fairness in our families, in our schools, in our work, and in our society.
As much as we want to think of ourselves as persons who insist on fairness for all people, we demand fairness especially when we are at the receiving end of an unfair circumstance. Do you remember when we were breaking our backs to create a school project and got an A- for our efforts, while the teacher’s pet got an A+ for their unimaginative output? Do you remember the heartbreak and anger we felt when we did not get a promotion, but one of our colleagues who we perceive as less qualified than us is now a level higher? What about the people who have constantly screwed our society and, yet, are oftentimes rewarded with more wealth and power?
Yes, we get it. Life is not fair. We hear this from our friends and family when they try to console us after a heartbreaking event. We hear and believe it, because the people telling it to us have a working assumption that, in this situation, we deserve more or that we have better judgment.
Have you been at a basketball game? Have you seen and heard people throw accusations of being unfair to the referees when they shout “luto!”? I have done it many times. I have mostly done it when my team was at the receiving end of a bad call. Do I accuse the referee of being unfair if the call was against our opponents? No. Whenever I accuse the referees of being unfair, it is as if I am telling them that I know the rules better than they do, that I have a better vision of what happened and that I, an avid supporter of my team, am not biased. The same can be true when we question the decision makers in our workplace about who to promote. We feel there is a mistake, that the promotion should have been ours. Maybe we are right, but did we consider we could be wrong, simply because those making the decisions have a better perspective of employee performance?
Yes, life is not fair. It is a self-evident truth. However, consider this: by accusing others as being unfair, with our own limited information and with our own biases, are we then being unfair as well? If we are accusing of unfairness, because we think they might have committed an error, deliberate or not, are we saying we are free from committing the same error?
I am not, by any means, asking readers to be silent in the face of unfairness or injustice. This is simply a reminder that the same factors that cause unfairness are in all of us. We all have limited resources. None of us is infallible. All of us tend to be greedy and selfish. None of us has the perfect information. The last thing we want is to unfairly accuse somebody as being unfair.
Neither am I advocating that we should let unfairness prevail, since life is unfair anyway. If we have something we can do to make this life a little bit fairer, then by all means. However, do not let the search for more fairness hinder us from making decisions, because our limited resources do not allow us to be fair to everyone.
There is a story about a boy who had three coins in his pocket. As he walked to school, he decided he would give the coins to the homeless people he would meet along the way. This was his way of trying to address unfairness in the community. He saw 10 beggars on the street. With only three coins, he hesitated and started to ask, “Is it fair that only three of them would get a coin from me?” He decided not to give anybody any coin to be fair to them all.
Let us be careful before accusing somebody of unfairness. Neither should we become cynical, because life has always been unfair. A balanced view of life requires us to acknowledge that life is not fair and that we should not be ruled by emotions arising from being at the receiving end of unfairness. May we be governed by the hope that, at the end of all of this unfairness, we will come out as somebody better. That is our hope. May we strive to be fair in all our dealings, because it is the right thing to do, even if the world will never be completely fair.
Anton Ng is a Partner, Audit & Assurance 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 850 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 anton.ng@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 10 July 2019