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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.
Decluttering your smartphone
26 Jun 2017Everybody now seems to be tugging a smartphone along. It has become so ubiquitous that it has replaced the pocket watch, thermometer, radio, TV, laptop, video and sound recorder, camera and book, among others, to most. But the utility of a smartphone depends on the applications that are installed in it. Some of these applications are free while some are not.
Moreover, some applications may be available to one smartphone but not with the others because they have multiple operating systems such as Android, IoS, and others.
If you have a smartphone, what applications would you install? Most often than not, Facebook and Viber are top on the list. To maximize the utility of your smartphone, you may opt to install as many applications as possible. But hold on, installing applications even those that were downloaded free from the Play Store or Apple Store still has a price. The “hidden” costs are memory space for storage, mobile data for application updates and time used for accessing an application.
All smartphones do not have infinite memory; even Android smartphones expandable with micro SDs have a limit. Installing applications to smartphones consumes memory, and this is very cumbersome for those with limited memory. The phone’s memory should not only be for applications as you need a portion of it for your office files, personal pictures, memorable videos, and others. Installed applications that are seldom used consume a chunk of your memory otherwise intended for important matters. You need to optimize the usage of the limited smartphone memory.
Given that you have the luxury of colossal memory space, say 256GB, but you installed so many applications. Do you think this won’t cost you a peso more? It still will. Most of the applications require regular updates to keep it working up to date. These regular updates consume mobile data and data has a price attached to it especially now that the telecommunication mobile data providers do not offer unlimited mobile data for a fixed price.
Imagine if your mobile data subscription is only limited, say you are only entitled to only 3Gb per month, the regular application updates will consume the majority of your mobile data which means that there may only be a little or nothing left for your Facebook updates, movie streaming, internet surfing and other important personal uses. In other words, your mobile data is used for the “irrelevant” update of the seldom-used applications that should have been allotted for important activities like searching on Google for the information you needed to know for your reports, downloading attachments on your personal emails, and more. You need to be more prudent in your apps.
You may rebut me when your data subscription reaches the monthly limit of P2,500 or beyond. And you may even say, data consumption from application updates won’t cost that much. So you keep on downloading so many other applications in your smartphone to the extent that it reaches more than five display screens. Chances are, when your smartphone is disorganized, your navigating display screens when you use multiple applications will be competing for your attention. These display screens may not cost you a peso but it will cost your time and attention. This can be apparent when you are performing a task on your phone that is doable in seconds but because of the many chaotic navigating screens you have to turn off or put on hold, the seconds will become minutes. Congratulations, you have just wasted your time when you could have used it for other productive works. You should spend your time wisely.
Installing irrelevant applications costs you memory space, mobile data, and time which you may otherwise allocate for essential use. Smartphones are designed to make your life efficient but too many applications can dispel this. In order to maximize the benefits of having a smartphone, you only install frequently used and important applications. To save some memory space, you may consider uninstalling all applications in your smartphone that have no future use. This may cost you time in doing this but it will surely provide you more benefits like low data consumption on application updates and lesser time in the future when accessing an application.
To save mobile data on application updates, you may visit an area with free, fast and reliable Wi-Fi then perform your application updates. If there’s none, you may consider to manually choose what application to update instead of setting your smartphone to regularly update all applications when their updates are available. Only update the applications that are frequently used and important. This process may cost you time in manually selecting the relevant applications but if you have few applications on your smartphone then this is not a matter of concern.
Moreover, if you skipped an application update it won’t interfere on the next application update as application updates are designed to bring any application of older version to its latest version. To save time in accessing an application, only install frequently used and important applications on your smartphone.
As in life, too much clutter can only bring stress and chaos. Live simply and make your smartphone smart.
Mr. Young is an Audit Senior of Audit & Assurance at P&A Grant Thornton, Cebu. 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. For comments on this article, please email harold.young@ph.gt.com or PAGrantThornton.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 26 June 2017