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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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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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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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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.
There’s a saying that trust is the foundation of any healthy relationship. Whether it’s the trust between partners to commit faithfully and wholeheartedly, the trust between best friends to carry each other’s deepest secrets, or even the trust between a parent and their child to guide each other through life’s uncertainties. Trust is what holds these bonds together.
Ultimately, this trust is earned, not given. In the context of data privacy, I found that the same goes for the trust placed by consumers towards the multitude of organisations that handle data every day—shifting from “privacy apathy” to a growing distrust or “trust issue” for some.
A survey featured by Forbes and conducted in 2019 by RSA Security LLC, an American fraud prevention and security company, found that only 48% of consumers believe that there are ethical ways companies can use their data. In today’s digital age, marked by the prevalence of A.I., deepfakes, and personalised advertisements, that trust is being tested like never before. Your devices are a goldmine of information, ready to be tapped, and forming the foundation of the success of many organisations around the world.
This isn’t merely a “trust issue”: it is a fact that our data is constantly at risk, and that consumers’ protectiveness of their data is warranted. And unless we take proactive steps to protect, educate, and raise awareness on effectively securing data, we risk losing more than just our privacy—we risk losing control.
Your Data, Your Duty
The truth is, you have more control over your data than you think—it all starts with taking accountability for the personal information you share and recognising how vulnerable this is. As consumers, we must collectively identify our boundaries and limits when it comes to the data we share. Some actions we may see as no big deal, such as geotagging your latest Instagram post, flexing your latest purchase at your “My Day”, or even sharing your account details with loved ones, could lead to a potential breach of data privacy.
Here’s a question for you: when you are prompted with the terms of conditions of an app you’ve downloaded, do you read them in their entirety? Chances are, you simply breeze past it and accept, with the impression that giving permission to access your data is no big deal. What you miss is that accepting these terms is almost like giving away all the keys to your identity.
Avoiding pitfalls, such as not checking what data is collected by the apps you download or oversharing information that may compromise your privacy online, is key. Remember, while some companies have learned to be transparent on how they handle your information, the default privacy settings on apps remain to maximise the data they obtain. In the fight for your privacy, you are your own first line of defence.
Rebuilding Trust Amidst Expanding Horizons
Transactions are a two-way street: customers expect transparency, and organisations are expected to safeguard the information entrusted to them. The trust that consumers place in organisations goes beyond service quality—it’s about how their data is handled behind the scenes.
Just as it remains in the hands of the consumer to be responsible for their own data, it falls onto businesses and organisations to handle what they collect responsibly and in accordance with evolving data protection laws, ethical standards, and global best practices.
You may have seen the effect data breaches have on public trust, brand reputation, and even financial stability. From leaked personal records to compromised financial information, the consequences are far-reaching and often irreversible, fueling this “trust issue”.
Yet, we must also acknowledge the benefits that responsible data collection brings. Organisations powered by big data have enabled unprecedented levels of personalisation, predictive analytics, and customer targeting. Curated content, more efficient services, and targeted advertisements can, when used ethically, be a force for good, not just for businesses, but for consumers as well.
The emergence of artificial intelligence, in particular, serves as both a challenge and an opportunity in the field of data privacy and business. While AI-powered data tracking and collection pose data privacy concerns, Michael Ashley, in his Forbes article titled “AI, Privacy And Power: Are People Finally Reclaiming Their Data?” recognised that despite the potential for misuse, AI-driven privacy tools and encryption models also have the potential to remove centralised data control from big tech companies.
In line with how organisations innovate in using and collecting data, they must also continue innovating their data privacy practices. Privacy by design and accountability at every level must become the new standard.
As an example of how businesses continue to innovate towards data transparency and accountability, a top smartphone company has emphasised user privacy as one of their core values: comprehensively detailing the data they collect and how it’s used and continuously improving how they handle their user’s data to avoid breaches. They serve as a shining standard of how businesses can regain consumers’ trust in this modern world.
Privacy Awareness Week: Data Privacy Matters
Last month, the National Privacy Commission led the nationwide Privacy Awareness Week (PAW) 2025, an annual celebration dedicated to strengthening data privacy awareness and promoting responsible personal data processing in the Philippines. With this year’s theme, “Global Privacy Matters: Navigating a Borderless Digital World and Expanding New Professional Horizons”, the celebration explored both local and global challenges and opportunities in the field of data privacy, culminating in the 8th National Data Privacy Conference.
In conjunction with the NPC’s celebration, organisations around the country also held their own initiatives in line with PAW. My firm, P&A Grant Thornton, held its own series of activities, seminars, and interactive sessions on emerging privacy regulations, the intersection of ethics and technology, and how we can apply them to our work and personal lives, led by our Anti-Money Laundering and Data Privacy Group. The resounding message of this nation-wide celebration was the critical role everyone plays in building a secure, trustworthy, and inclusive digital ecosystem.
In the end, privacy isn’t just a trust issue—it’s a shared responsibility: one we must continue to raise awareness of as we take ownership of our data. Trust and responsibility go hand in hand when it comes to turning this awareness into action.
As the data privacy landscape in the Philippines continues to evolve, let this awareness be one of the many steps towards more conscious, privacy-centred practices in our work, community and personal lives. In today’s digital world, stay vigilant, aware, and prudent with how your data travels online!
As published in The Manila Times, dated 18 June 2025