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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.
One day, we will go back to our pre-coronavirus disease 2019 (Covid-19) lives, but it will take a while even after the discovery of a vaccine. As we try to bring back “normalcy” in our society, we sense that our way of living, working and learning will never be the same.
This forced schools to shift their courses to online learning and that has been very problematic. With this new reality, educators all over the world have an opportunity to re-think about how education is to be delivered to succeed.
Despite the technological advancements, educators still largely favor the traditional face-to-face approach. As technology becomes an integral part of our daily lives, it is hard to imagine that it will not have a dominant role in our education system. In emergent situations like the Covid-19 pandemic, educators must totally embrace educational technology and online learning.
What is online learning and what is not?
Online learning is described as an emerging approach where students access education anytime and anywhere using a range of technology tools either asynchronously or synchronously.
Many schools resort to emergency remote teaching by lecturing online via Zoom or MS Teams. This is essentially not online learning since students cannot learn at their own pace. Our school curriculum is simply not designed for online delivery and bring it online using web-conferencing platforms will not work over the long term.
Technology integration in schools
Understanding technology integration is important because schools tend to select technologies that are inappropriate or unfitted. Technology integration is the well-coordinated use of digital tools for problem-solving, deeper learning and understanding. It facilitates access to curriculum but is not the curriculum itself. Educators must guide learners in using technology as a tool for accessing and understanding educational content.
Successful technology integration in the classroom lies in understanding technology’s role in the classroom and placing our students — not the technology and the teacher — at the center of instruction. Technology is merely the vehicle that makes these things happen.
The need for a single digital learning platform
To succeed in online education, schools need to use a range of technologies, including a learning management system and content authoring tool. While it is tempting to use educational technology (ed-tech) tool out there, schools need to have a single digital platform that students can always visit to access content, tools, activities and assessments.
A learning management system (LMS) is a software application that provides the platform to manage all aspects of the learning process from content to assessments; while a content authoring tool is a software used to create content. These systems are quite expensive, difficult to implement, and unaffordable by smaller schools.
There are “free” LMS platforms that schools can use like the Google Classroom, but “free” is not true to its word as it misses a lot of the great things that paid LMS has to offer, such as gamification, microlearning and other engaging features.
When investing in an LMS, choose the authoring tools to allow educators to create interactive and engaging content. These will help educators spice up their usual teaching slides and videos by adding interactive elements, such as quizzes, multi-media or embed external resources.
Training teachers to successfully teach online
Many schools rush to move instruction online, leaving many educators unprepared and unfamiliar with online teaching. This is not an ideal, but educators must fly and reach for the sky.
Educators are doing their best in an extraordinary and endlessly changing situation, but their lack of training to successfully teach online has created a patchwork of quality and gaps in accessibility. The biggest challenges facing schools are the lack of financial resources and educators lack enough time for training to understand how to teach online.
Planning, designing and implementing an online course take time and the best training is
tailored to meet educators where they are and build on their knowledge.
Rethinking about assessments
Another challenge of online education is the teacher-students setup is no longer in the same room to collectively learn. In a virtual setting, most of learning time is driven by tasks that require a high level of self-direction.
In a traditional setting, countless policies and procedures put in place to maintain the integrity of assessments process, while in a virtual environment, things are very different. Teachers are not physically present to monitor their students when conducting activities and assessments. Now, everything is possible, and schools can never deliver assessments in the same way they have before.
Educators must rethink about assessments and start moving away from the multiple-choice exam design. Educators can instead prioritize longer, student-driven assignments and tasks, such as collaborative projects, online presentation, case studies or even blogging.
Effective assessments in a virtual environment require schools to map and choose the right technology to use for assessments.
Educators on the other hand should provide authentic assessments that mimic more real-world interactions and design assessments that measures actual learning outcomes.
Blended learning as the new normal in education
In the new reality, more classrooms will adopt and implement blended learning, which has emerged as a far more flexible model for learning. The use of education technology has led to the rise of this new approach.
Why is blended learning the future of education?
This is because it caters to the strengths and weaknesses of each student than traditional face-to-face approaches to education. Blended learning is beyond the barriers of space and time.
An important step in effective implementation of blended learning in schools is to choose the right digital learning platform (i.e. LMS). This will enable personalized learning for every student, allowing them to learn at their own pace, and access multiple content types so that they can choose the format that best helps them understand complex concepts.
By the time the world returns to “normal,” schools would have adapted to online learning, invested in digital learning platforms, and discovered how much more cost effective it can be than traditional education.
So, which do you prefer? Traditional or blended? Take your pick.
Jess Obaña is a Senior Managing Consultant of the Advisory Services 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 24 Partners and more than 900 staff members. We’d like to hear from you! Tweet us: @GrantThorntonPH, 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 our website: www.grantthornton.com.ph
As published in The Manila Times, dated 28 October 2020
