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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
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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
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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.
Of kids and employees
20 Jul 2016As a father of two iGens (also known as Gen Z, those born after 1994) and at the same time being exposed to the corporate world over the past 12 years, I noticed certain parenting principles that can be applied by leaders in their respective organizations, especially those dealing with millennials and, soon-to-be in the workforce, the iGens. These principles, which I abide by as a parent, stemmed from my desire to see my kids become the best version of them. If this is the same path we want our employees to follow, it could be worthwhile to consider the following principles:
Convenience has a cost
As a young parent, I am always tempted to just let my kids watch TV than to read a book with them. Worse, I considered lying to them or shutting them up to avoid further long discussions. I did realize, however, that all these I considered doing simply because these are convenient for me.
Similarly, in managing our employees, we tend to forego active coaching or building relationships all because we feel that it takes too much of our time or, shall I say, it is not convenient for us.
There is, though, a price to pay for our convenience: we are not doing our part in contributing to our kids and employees’ development.
Be willing to be vulnerable
There are times when my eldest daughter would have a difficult time accepting feedbacks from us or even sharing with us what went wrong in school. We felt that she wasn’t willing to expose her weaknesses to us. This led us to conclude that maybe our kids think that mom and dad are always in control, that we do not make mistakes, and that they should be infallible as well. From that point on, we decided to be willing to be vulnerable in front of kids. We cried with them. We openly admitted our mistakes in front of them. We asked them for help. When we showed our vulnerability, they, in turn, graciously allowed us to help them work on their weaknesses by being more open and sensitive as well.
We oftentimes wonder why nobody is asking questions at the end of a briefing session or a meeting. Does that mean that everybody understood everything clearly or could it be because nobody wants to look stupid? This type of behavior is probably brought about by the fear of showing one’s weaknesses. Similar to parenting, the willingness of leaders to show they do not have all the answers often enables employees to also admit their own deficiencies. This allows an organization to help a particular employee work on the identified weakness.
One-on-ones and more active feedbacks
Early on with our first daughter, my wife and I realized that the best way for us, as parents, to be able to teach is if we spend more one-on-one time with her. We noticed that our daughter was most open to sharing her thoughts and feelings during those one-on-one “dates.” Initially, it was difficult to carve out this time because, as working parents, we didn’t have enough, to begin with. But when I realized I spent a lot of time watching TV or surfing the net, this became a no-brainer of a decision.
In the corporate world, lack of time is also cited as the reason for not having these one-on-ones. Some say they either use their time to do their own jobs, sometimes forgetting that it is part of their job to manage their people. And if you closely analyze it, how does this sound: ten minutes every two weeks for each of your team member. That’s approximately eight hours each month for a team of 25. It is an investment of time that surely, if done properly, would have a good return in the future.
Listen
Children, young as they are, have their own insights to share. As early as our kids can talk, we already included them in deliberating certain family decisions, from something as simple as deciding where to eat to more complex ones such as determining what values toe spouse- to as a family. We thought that they are never too young to be involved.
Our employees now, particularly the millennials, want their voices to be heard. So let’s provide them a platform to speak up, take them seriously when they do and involve them as much as possible in business decisions that would impact on them anyway.
There are indeed similarities in raising a child and developing an employee: we should spend quality time with them, engage and collaborate with them, listen to them and, most importantly, view them as a person to nurture in the long term.
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 700 staff members.
As published in The Manila Times, dated 20 July 2016