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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
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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
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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.
Appreciate me right
21 Mar 2018Midway through our marriage, my wife told me that she does not feel loved, or that at least I am not expressing my love for her. It was, at the very least shocking, but mostly confusing for me. I thought of all the things I have done for her, including the gifts I bought, only to find out that she does not feel loved. That discussion eventually led us to the concept of the five Love Languages. In his book The Five Love Languages: How to Express Heartfelt Commitment to Your Mate, American author Gary Chapman theorizes that people express and experience love through five ways, namely: words of appreciation, acts of service, receiving gifts, quality time and physical touch. As it turned out, my wife’s primary love languages at that time were through words and physical touch, both of which were neither my primary nor even secondary, love language. There lies the problem: the love is there, but it is not communicated effectively.
These signs of ineffectiveness in the way people express and receive love, or appreciation, seem to go beyond the confines of a romantic relationship.
Over the past decade, we have heard more than ever the need to express appreciation to the people in our workplace. I believe that we generally accept the idea that appreciating our coworkers is beneficial. Awareness of the need for appreciation is already there, but why are we still hearing issues surrounding the lack of appreciation in the workplace? Is it because there is a lack of it? Or is it there but people are just not showing their appreciation effectively?
Appreciate with the most impact
If there is such a concept as a love language, there is also something similar for the workplace: appreciation language. I have heard stories about managers getting surprised upon knowing a member of the staff still felt unappreciated despite having received congratulatory remarks from managers and peers for a job well done. Could it be because the words of appreciation received did not really make a significant impact on the employee? Is it possible that the employee recognizes a different language as an expression of appreciation?
Like the five love languages, appreciation languages also revolve around words, service, gifts, time and appropriate touch (e.g., pat on the back, handshakes, fist bumps). Find out what sort of appreciation language is recognized by people in your organization. There are online assessment tools, or alternatively, you may observe your coworkers.
If we are to apply Chapman’s theory, we can find out the appreciation language of our coworker by determining the appreciation language that the person commonly uses. According to Chapman, people give love the same way they prefer to receive love. For people who express their appreciation through words, then most probably, that is also how they want to be appreciated as well.
After identifying how best we can appreciate our coworker, we should remember to express our appreciation in detail. Giving appreciation to our coworkers is part of the feedback process. It is often emphasized that we should be prepared to provide details when we give our feedback.
Although, the detailed part is usually reserved for negative feedback, we often forget that providing details also applies when we are showing our appreciation. Given that we are not accustomed to expressing praise, we sometimes limit our appreciation vocabulary to “Good job!” and “Great work!” But no matter how sincere those appreciative words are, there is a chance that those words will not be as effective as expected. If we do not discuss the details, the recipient of the appreciation might think that their output, in its entirety, was worth appreciating. Worse, the recipient might get confused, which could then lead to a feeling of being unappreciated.
I had a conversation with a friend about her experience with expressing appreciation. She told me a story about her staff. My friend was really happy with one of her staff’s output. She and her boss kept on congratulating this employee, telling him that he did really well. Soon after, however, my friend was shocked to find out that her staff felt unappreciated, or at least he was not really sure how good his output really was. The staff explained that the effort he put into this project is similar to the effort he exerted to accomplish previous projects. “So why am I getting the appreciative words only now, while I got none for my previous projects?” the worker asked.
My friend, still recovering from the shock, tried to explain why he deserved all the appreciation for this project, compared with the previous ones. She gave him details. She told him about the confidence that he exhibited during the presentation of the project. She also mentioned how he was able to beautifully capture all the important details and weave them into a dynamic story that was well appreciated by the stakeholders. It was only then that the staff realized why his performance for this project was appreciated. Without any details in the appreciation that he received initially, the staff did not know which part of his performance deserved such words of appreciation. Without the details, he was left confused, leading him to feel unappreciated.
Expressing appreciation is not easy for many, including me, but we still do it because we believe it is the right thing to do. It would be a shame if, despite our earnest attempts to express appreciation, it would be for naught, simply because we did not communicate it effectively. It would also be a shame, even a tragedy, if my wife would not feel loved simply because I had been too stubborn to adapt to her love language.
Anton Ng is a partner, Audit & Assurance 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’d like to hear from you! Tweet us: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to anton.ng@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 21 March 2018