-
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.
Demand for content is reshaping the market
01 Mar 2017I recall that 30 years ago, you could count all the television channels with your fingers in one hand. So a typical family usually watched one chosen program every evening. That was the era of limited options via limited media, i.e., print, radio and TV.
Nowadays, the dad can be watching basketball on cable while the mom, a Korean telenovela on TV; the son may be watching the Game of Thrones on the computer; the daughter, Asia’s Top Model on iPad; and the youngest, Nickelodeon, also on cable. New media technology—including the social media, music streaming and the gaming industry—now offers numerous channels and choices on a multitude of devices.
According to John Gleeson, our partner in Grant Thornton Dublin, “the media industry is in the grip of a technological revolution, and it’s affecting every part of the business.”
“Distribution models, commissioning procedures, revenue streams… they are all evolving as the industry responds to the shift to digital and personalization,” Gleeson added.
With digital media, there is a mountain of data, information, advertisements, and even trash, making it often difficult to find, sift through and digest meaningful content. Without compelling quality and relevant content, audiences move on. The shift is easy, considering that there is a wide range of channels, platforms and media to match individual whims. This, in turn, leads into some form of personalization.
Gleeson asserted, “It’s all about content. There’s a huge demand. And while this is good news for content providers, it does have its downsides, putting creators under enormous pressure to come up with the goods. Distributors don’t have it easy, either. They need to be sure that their content supply is secure and that they are getting the most out of it.”
Content relevance is in the eyes of the beholder, or the user.
However, in this age of social media, content is usually measured by how much it is shared. And, for it to be shared, most would say that the content has to be interesting, entertaining or useful. Therein lies the challenge: to make sure the content continuously piques the interest of people and engages its audience, yet stays relevant.
Ambitious companies solve their content challenges by expanding; the most obvious effect is an increase in media merger and acquisition (M&A) activity. That means production companies acquiring content creators and content providers are buying distributors. And we’re not just talking about just one or two deals here: this vertical integration is happening in remarkable numbers.
This observation is shared by Hanno Hepke, partner and head of technology, media and communications at Warth and Klein Grant Thornton in Germany.
Hepke said: “The accelerating digitalisation of the media industry is entirely reshaping the industry structures: content owners and producers enter distribution; distributors create or acquire content companies; customer access companies, whether telcos and network companies, e-commerce players or hardware players, use their access to the consumer to push content services; publishers increasingly recognise the importance of ‘moving images’; and advertising money has definitively taken the digital path. The winners in this race will bring the right content in the suitable format, on the appropriate device suiting the users’ current usage situation at the right price.”
To bolster this, Gleeson said: “Figures show that between January and March in 2016 there were nearly 130 deals in the global media sector, equating to around 40 deals a month. With the comparatively limited number of players in the industry, this is a surprisingly large amount of consolidation. Something big is going on.”
In the Philippine setting, local telcos (PLDT and Smart and Globe) are partnering or investing in content providers (such as ABS-CBN and TV5) as part of their individual strategies to address the demand of their customers for mobile digital content.
With new technologies, multiple devices and demand for personalization, it inevitably comes down to content. Tailoring it. Delivering it. And above all, monetizing it. Demand for content is shaping the media industry before our eyes. And with that kind of power, content is still king, indeed.
Jessie Carpio is a partner and head of BPS/Outsourcing. He is also the president of P&A Grant Thornton Outsourcing Inc., an entity wholly owned by 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 more than 800 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 jessie.carpio@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 01 March 2017