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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
We cover a wide range of solutions that help you identify, address, and monitor the risks of your business.
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Business consulting services
We help organisations improve their operational performance, efficiency, sustainability, and effectiveness in today’s dynamic business landscape.
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Transaction services
We help organisations provide strategic advice and support throughout the transaction process and provide financial reporting advisory services to help companies successfully navigate the complex financial requirements in a broad range of scenarios.
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Forensic advisory
We provide support to organisations on dispute resolution, fraud prevention and detection, insurance claims, and other situations requiring detailed investigations.
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ProActive Hotline
We empower organisations to uphold integrity through safe and anonymous reporting.
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Sustainability
We promote responsible and innovative practices that reduce our environmental footprint, promote social responsibility, and ensure long-term economic viability
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P&A Academy
P&A Grant Thornton's unwavering commitment to relevance extends to its learning arm - P&A Academy.
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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.
I lived alone in the UK a little over a decade ago. One Friday the 13th, I craved and cooked nilagang baka in my Ascot flat. While excitedly eating my steaming hot dinner, I choked on a litid past 8:00 in the evening.
All blue and gasping for breath, I jumped, self-Heimlich-ed, dangled from the door frame, and drank soda to loosen out the block. All to no avail. I ran to the minor surgery hospital opposite my place but was referred to the nearest accident and emergency hospital some 21 miles (around 34 kilometers) away.
I quickly picked up Ria, a colleague, who was living below my flat and she drove me to the hospital. As we were passing through the very dark Windsor Great Forest, I was vomiting in a paper bowl.
If I did not make it out of the flat that night, nobody would have noticed. Then the thought, “how will my loved ones in Manila know if I’m ok?” I had a classmate before who told me of an arrangement he had with his parents that if they did not hear from him within any 24-hour period, they would immediately go to the police station, post a blotter and initiate a search effort.
From then on, safety precautions have been constantly bugging me – which is expectedly heightened when you are in a far off place. Especially during these times when people are very mobile, I wonder, what precautions can we set up to alert those who can respond and help us in times of danger or threat? The following readings gave me ideas, which I hope would also be useful to you as well:
1. In his book “Power Play,” fiction writer Joseph Finder wrote something about an electronic duress code. In a conversation within the story, one of the characters remembered setting up this code in the event one is threatened at gunpoint to access his accounts:
“It’s just a variant authentication code. If you enter a nine before and after the PIN, it trips a silent alarm. Tells the bank officer that the transaction is fraudulent, probably coerced.” Then what happens? “Well, first thing they freeze the account. Then a whole emergency sequence gets triggered – calls are made to a list of people – telling them something is wrong: Someone’s probably forcing a company officer to access the accounts.”
2. ICE – In case of emergency
UK emergency services personnel encouraged mobile phone owners to program emergency contact details into their phones. Often at the scene of incidents, emergency services personnel want to inform relatives or associates as soon as possible and often will retrieve a person’s mobile phone to do this. However, knowing who to call can be a dilemma for the early responders to an emergency situation, including the possibility of them causing unnecessary distress if the wrong person is contacted.
The idea was thought up by a paramedic. Their recommendation is to enter ICE (In case of emergency) before the person’s name. For more than one contact use ICE1, ICE2, ICE3, etc., or ICE1–wife, ICE2–brother, ICE3–boss, etc.
3. In The Day of the Jackal, a book that was turned into a movie starring Bruce Willis, Frederick Forsyth wrote about an “insurance” in case somebody disappears unexpectedly:
“You do not need to worry. I do not intend to harm you. Besides, I imagine a man of your intelligence has taken certain precautions against being killed by one of his customers. A telephone call expected within an hour perhaps? A friend who will arrive to find the body if the call did not come through? A letter deposited with a lawyer, to be opened in the event of your death? For me, killing you would create more problems than it would solve.”
“M. Goossens was startled. He had indeed a letter permanently deposited with a lawyer, to be opened in the event of his death. It instructed the police to search under a certain stone in the back garden. Beneath the stone was a box containing a list of those expected to call at the house each day. It was replaced each day. For this day, the note described only the customer expected to call, a tall Englishman of well-to-do appearance who called himself Duggan. It was just a form of insurance.”
Would it be great if we have something like these triggered at certain “choking” points in our lives: a duress text from any of our family members if he or she is unsafe, or an identity challenge if a robber forces our helpers to make demand calls, or check–up calls if we’re vacationing (especially during this Lenten break). What safety precautions have we established in case our dreaded imagining comes true?
When we reached the hospital that Friday the 13th, calming medicines and soda were offered and a laryngoscopy taken. And still no luck. But when that needle was about to be inserted, the blockage slipped down on its own. I am afraid of hospitals, blood and needles, and the thought of being hospitalized was all the cure I needed, I reckoned. Or perhaps because it was already past midnight – past Friday the 13th!
Mhycke Gallego is a partner for Advisory and Head of Knowledge Management 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 900 staff members. For your comments, please email mhycke.galleo@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. For more information about P&A Grant Thornton, visit our website www.grantthornton.com.ph.
As published in The Manila Times, dated 28 March 2018
