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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.
Calming the Waves
19 Sep 2017The corporate world is like a jungle. “It’s a jungle out there,” as they say. With the rivalry among competitors, the constant struggle for market share, and the intense need to survive, perhaps it really is a jungle. This world, however, can also be associated with the vast ocean, with its waves as its people, its people as its workforce.
We start with the first wave. They are the Silent Generation, also known as the Traditionalists, who were born from 1925 to 1945. As they lived their youth from the Great Depression to the end of World War II, they grew up with many rules and pressure to conform. They learned the significance of work and stability, and look for these things in life due to their early experiences. In the workplace, they are generally referred to as the “Work first!” kind of people and prefer written communication. In a 1951 article by Time magazine, the Traditionalists were also characterized as a generation which is “ready to conform.” Since they value conformity, the Silent Generation generally believes that no one should stand out and everyone should work for the common good.
In comes the second wave: the Baby Boomers born from 1946 to 1964, who grew up with fewer rules and a more fostering environment. Although this generation also faced post-war effects similar to their Traditionalist parents—the civil rights movement, the Cold War, and the Vietnam War—a shift between the two generations is evident. In a 2016 study of generations, it is said their differences lie on the way the Baby Boomers deal with change. In the workplace, they desire challenge, opportunity, and excellence in their career with their phrase “Live to work!” and prefer telephone or face-to-face communication.
Then we have the third wave, known by many names, such as Generation X, 13th Generation, and Baby Busters. Their first name was popularized by Douglas Coupland in his 1991 book entitled Generation X: Tales for an Accelerated Culture. By the time this generation was born (1965 to 1980), there was a general peacefulness in society, unlike in the first two generations. Generation X’s phrase, “Work to live!” is opposite from the lifestyle of the Baby Boomers. Generation X expects their career to keep moving forward or they will leave the workplace. It was also during this time that personal computers started to emerge. Thus, they are more techno-literate than the generations before them and prefer electronic communications.
Along comes the fourth wave: the generation born from 1981 to 2000, the Millennials. They grew up during a time of general prosperity and were raised in a world where everyone is a winner, thus, are sometimes categorized as self-entitled individuals. As they lived a life with rapidly changing technology, including the internet and social networks, questions are commonly answered in minutes or even seconds, and they prefer communications through text or instant messages. This generation tends to have a short attention span and, therefore, does exceptionally well in multitasking. As evidenced by the lifestyle of the Millennials, they are the “Live, then work!” kind of people. In the workplace, this group is more task-oriented and expects attention and feedback from their higher-ups.
In an organization where each of these waves has different values, outlooks, and lifestyles, misunderstandings and conflicts might arise. This could result in a clashing of waves in the midst of a calm ocean. However, with proper fostering and understanding within the organization, these waves, in spite of their diversity, can work towards a common goal. Their differences can be seen as a strength by the entity instead of a weakness. We can always bear in mind that these generations, no matter how jumbled, can slowly fit into pieces to create a perfect masterpiece.
Ms. Romarate is senior, Tax & Outsourcing 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 are in Makati, Cavite, Cebu and Davao. For comments on this article, please email sarah.romarate@ph.gt.com or GrantThornton.marketscomm@ph.gt.com. For our services, visit www.grantthornton.com.ph. Follow us on Twitter: pagrantthornton, and FB: P&A Grant Thornton.
As published in Mindanao Times, dated 19 September 2017