-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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.
What keeps CEOs awake at night?
22 Feb 2016 
MANILA, Philippines – What keeps you awake at night?” This question was asked in a global study conducted over a period of two years among top-level business executives and professionals. “Six themes that were of concern to them emerged from the study. These covered the areas of financial growth, optimizing operations, people growth, shareholder value, sustainability and risks,” Michael Gallego, head of the knowledge management group of P&A Grant Thornton, relates.
P&A Grant Thornton is a wholly-owned subsidiary of Punongbayan & Araullo (P&A), a professional services firm that provides audit, tax and advisory services to its clients. “We are a member firm of Grant Thornton International, a professional services network of independent accounting and consulting member firms worldwide,” says Gallego.
The knowledge management group, which Gallego heads, takes charge of training and development. “We are responsible for developing a people-planning and competency framework for the firm, as well as executing and monitoring the implementation of the training and learning development programs for our people,” he explains. “We also facilitate industry-focused seminars, training programs and activities internally and externally as well.”
To the layman, accountants and auditors are commonly thought of as the keepers of financial records and tax statements. “This is the mandate of the external auditor,” Gallego says. They ensure that financial records are accurate and that taxes are paid properly and on time. Often, they are associated with the COA and the BIR as agents who expose anomalies and corrupt practices. “But we would like to shed the image of auditors as simply being policemen,” Gallego says. “We would like to play a more proactive role.” He asks this question: How can auditors become part of a process that can help elevate the level of ethics and integrity in an organization?
“As internal auditors, we are focused on promoting good governance within the firm,” says Gallego, who is the current president of the Institute of Internal Auditors, which is composed of heads of internal audit organizations nationwide.
“Where are we going? What is our strategy? What are the risks? What controls do we need to put in place? An internal auditor will ask these questions to help top management achieve their objective.”
As a partner of the firm’s advisory services division, Gallego and his team develop and offer public seminars to their clients. “One of the things we realize is that we also have to share our knowledge,” he says. “We are talking to those who would want to develop their people. We can prepare a development program that is customized, depending on the needs of the client as well as on the competency requirements of the company, such as business analytical skills as well as collaboration, the ability to work on a team and with different departments.”He adds: “Leadership is a common competency requirement as well as strategic thinking. With our intimate knowledge of the workings of an organization and our exposure to the different businesses we provide services to, we can share our knowledge and help businesses grow. We can train their people as they move up the ladder. We can prepare people development programs, courses and training so that their people can be ready to assume higher level positions.”
He points out that teaching such skills is not easy. “Teaching is a passion,” says Gallego, who once taught at his alma mater, the Pamantasan ng Lungsod ng Maynila, where he graduated cum laude with a bachelor’s degree in business administration, majoring in accounting. He took a course in Management Development at the Asian Institute of Management as well as Executive Education in International Management, jointly from Stanford University Graduate School of Business in the US, INSEAD in France and EGADE Tecnologico de Monterrey in Mexico. A certified public accountant and certified internal auditor, Gallego notes: “It’s easy to become an auditor, but it’s difficult to teach all of these things. But I love to do it. I’m a teacher at heart.”
As published in The Philippine Star dated 22 February 2016 by Julie Cabatit-Alegre