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Annual and short period audit
We perform audit engagements in accordance with the Philippine Standards on Auditing (PSA), as required by required by national legislation or other regulations of agencies such as the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Insurance Commission (IC), Cooperative Development Authority (CDA), etc.
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Review engagement
We provide a limited or moderate level of assurance that financial statements are free from material misstatements, in accordance with the Philippine Standard on Review Engagements (PSRE).
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Financial statements compilation
We help in the preparation of financial statements of clients in accordance with Philippine Standard on Related Services (PSRS) 4410.
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Security offerings services
We provide assurance services for our clients’ debt and equity security offerings. These include audits or reviews of financial statements, examination of prospectuses, and issuance of comfort letters as required.
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Agreed-upon procedures
We perform agreed-upon procedures in accordance with applicable professional standards, delivering factual findings reports tailored to the specific needs of our clients and relevant third parties. Our services include asset and inventory count observations, financial statement translations, and assistance with regulatory applications such as capital stock increases and debt-to-equity conversions.
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Other related services
We help our clients stay ahead of the evolving complexities in the accounting landscape. Our offerings include training programs, transition and implementation planning, and impact assessments related to newly adopted accounting standards, such as Philippine Financial Reporting Standards (PFRS Accounting Standards) and other relevant frameworks.
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Tax advisory
With our knowledge of tax laws and regulations, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimise the impact of taxation, enabling you to maximise your potential savings and to expand your business.
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Transfer pricing
We provide comprehensive Transfer Pricing (TP) solutions suited to the needs of the client.
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Corporate services
For clients who want to do business in the Philippines, we help set up the business and assist in determining the appropriate and tax-efficient operating business or investment vehicle.
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Tax education and advocacy
We offer seminars and trainings on tax-related developments and special issues of interest to taxpayers.
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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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Sustainability
At P&A Grant Thornton sustainability is at the core of our mission. We are committed to fostering a healthier planet through innovative practices that reduce our environmental footprint, promote social responsibility, and ensure economic viability for future generations.
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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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Payroll Services
We streamline payroll operations with secure, technology-driven solutions that enhance accuracy, ensure compliance, and free organisations to focus on strategic priorities.
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Human Capital Outsourcing Services
We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
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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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Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
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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.
WASH SYCIP was a very well known person, not only in the Philippines, but also in the whole world. He had a huge network which he persistently, untiringly, and continuously created and developed until the very end. He worked very hard and read very widely to make himself knowledgeable about practically everything in business. He was not a commercial or industrial entrepreneur, but he saw himself as the professional adviser to the entrepreneur and he did it exceedingly well. I don’t think we will see the likes of Wash for a very long time.
I consider him my mentor, not in the sense of the relationship between a principal and an apprentice in developing a skill. He was my mentor in the way I saw he conducted himself in business and social gatherings, small and large; sought and acquired knowledge; developed people; made things happen; pursued excellence; entertained guests and friends; and many more. He did these things outstandingly well. I tried to learn from him and emulate him, but I never reached his level of excellence. Wash Sycip is unique; he is one of a kind.
It was Wash who interviewed me for a job at SGV when I was 20. He advised me then to get married soon. I wondered about that. He probably wanted me to become more responsible at that young age. When I was leaving for the US to study as an SGV scholar, I saw him one day in his office to say goodbye. During our brief conversation, he was correcting my English pronunciation.
In one of his visits to SGV Malaysia where I was then assigned, on leaving the office for a client visit, he saw a paper clip lying on the office corridor floor. He picked it up and gave it to me and said that such a stray clip may be a very small thing but such a loss accumulates and therefore I should save it.
Even when Wash was no longer actively participating in the operations of SGV, he still wanted all completed audited financial statements routed to him, but at that time each bundle came to me first. One day, he came to my room clutching a bundle and complaining that I was delaying the movement of the bundles as he noticed from the dates recorded on the routing slip. Of course, he told me to get the thing going quickly.
I am sure that many others at SGV had similar experiences with him. I don’t think I need to characterize these experiences any further. These illustrate clearly his strong, tenacious, persistent passion to achieve utmost excellence.
Wash’s strong desire to maintain and develop further his network continued at the same tempo up to the very end. Almost always, I saw Wash on business gatherings and receptions that I attended. And I didn’t go to many.
When Wash turned 96, we met at a dinner reception hosted by Bobby Ongpin on July 31. And behold, I saw him again at the Swiss Confederation reception the following evening. The last time I saw him was during the SGV Alumni Homecoming last month. We had a brief chat and he was telling me in a faint voice that he just met someone who had worked with me at P&A. Amazing!
I wish I was good at superlatives so I can describe Wash as he deserves and truly was. He was sublime, singular, quintessential, full of grit, a truly great man.
Goodbye, Wash. You left to many of us very wonderful and everlasting memories. May you rest in peace.
Benjamin R. Punongbayan is the founder of Punongbayan and Araullo, one of the Philippines’ leading auditing firms.
As published in BusinessWorld, dated 09 October 2017