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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
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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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.
Dear Work
05 Feb 2020An old friend of mine, Merriam Webster, describes you as an activity in which one exerts strength or faculties to do or perform something. If that is the case, then I guess I have known you for almost all of my life.
A lot of people refer to you as Job, while there are others who call you Parenting. Those who treat you as a selfless act call you Vocation, while most of our minors call you Studying. Some think of you as their passion, while others see you as just a means to an end. You bring satisfaction, but you also bring frustration, lots of it at times. You are constantly here, there and everywhere. What do we make of you?
When I ask different people about you, I get different responses. There are those who love you, while others who just do not want to see you anymore. There are those who seem indifferent to you, while there are those who are just grateful to have you in their lives.
I do not know of any individual who does not need you. Even those who already have so much wealth still need you. It is as if we cannot function properly without your presence. It is as if you are a part of our make-up, our design as human beings. It is as if we have to work to live, not because work allows us to eat and have a place to sleep at night, but because our innermost self needs to do something. For most of us, you are almost always there. Even during those times when we do not want to see you, you never fail to show your face. Are we supposed to see each other this much?
If we are to see each other this much, can you be a bit friendlier when you are around?
Can you be less abrasive at times, so that it is easier to like you? I wonder if we can be together without any dramas, without any tears, without any anger-filled tantrums. Wishful thinking, I know. I have my own share of crying moments because of you, and I have seen others break down as well. If we are supposed to spend so much time together, why be like a sadistic friend?
Maybe it is just easier to remember how you did me wrong vs the times we have accomplished so much. I do hope that, one day, I will fully understand you in all of your complexities.
Tirelessly yours,
Worker
Dear Worker,
I have been waiting for this letter for quite some time now. It is true that I am with you most of the time, but this letter is so monumental that I have to pause and smirk.
This is one of the very few times you have asked me anything. Mostly, all I can hear are your curses at me, telling me that you do not want me anymore or that you want me to change. There are times when you just left me without any assurance that we will see each other again. I know, however, that after a few days, you will always end up looking for me. It may be in another place or with a different set of things that we need to do, but I am positively sure that you and I will be together again.
You sometimes love me; other times, you despise me. There are times you think about me and it brings a smile to your face, while there are times when all I am is a nightmare to you. Let me tell you this: I really do not think it is about me, though. I believe that your feelings about me depend on what you know about me and how you see me.
It starts with accepting the fact that I am going to be with you for most of your life. No amount of money will ever stop you from looking for me. You are right. I am a part of your design as a human being. Second, there is no version of me that will not bring you frustrations and disappointments. No matter how much you want me to change, and I will change as long as you want me to, the two of us can never be happy all the time. This means that you should just expect that frustrations and failures may appear every now and then. That should make things easier, I suppose. Third, think of me as a means to live out your purpose and never as a means to simply get paid. Money will never give you satisfaction; living your purpose will. The two of us should always pursue our purpose, because the satisfaction that it would bring strengthens our bond notwithstanding the tears along the way.
You might be wondering what your purpose is. I cannot answer that for you. I can share with you, though, what I think the two of us can accomplish in our pursuit: to create and to provide for the needs of others.
I hope this is only the first of many conversations we will have.
Always here for you,
Work
Anton Ng is a partner in the Audit and Assurance division of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory, and outsourcing firms in the Philippines, with 23 partners and more than 900 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@ph.gt.com. For more information, visit: www.grantthornton.com.ph
As published in The Manila Times, dated 05 February 2020