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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
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.
A few months ago, I finally had my executive checkup after years of putting it off for fear of what the results might be. If you knew about my unhealthy eating habits and lack of physical activity, you would be cautious as well. In retrospect, it was a silly reason, and so I decided to just go ahead and get it over with.
The results were not as bad as I thought, but neither were they as good as they should be. They found me overweight, or “obese,” as I was way over the recommended weight range for my height and age. The doctor explained to me what could happen in the long term if I didn’t make certain lifestyle changes. It was definitely a wakeup call, especially for a father of a five-year-old whom I intend to see grow up well into his manhood.
Since that day, I resolved to live healthier. From my research, I realized that achieving a desired fitness level is a lot like reaching your career goals. There are things to learn that are applicable to both.
Eating right and exercise are what we often hear suggested by people when they talk about a healthier lifestyle. Proper nutrition and consistent strength training are the foundation of achieving your fitness goals. These two lifestyle changes must go hand in hand.
Likewise, in our career, we need to balance the development of our hard and soft skills. Just like in nutrition where we need to have a balanced diet, or in strength training in which we need to train all the muscle groups, we need to cultivate both our hard and soft skills, and not neglect one in favor of the other.
As we journey to attain our fitness objectives, we may encounter plateaus. Plateaus often cause an abrupt halt to the progress that had already been attained, such as weight loss or muscle gain. Plateauing may often discourage us from pushing some more to lose those final five pounds. In overcoming fitness plateaus, the best advice is to shake things up. It is important to regularly change our workout routine and diet to give our body new challenges that would break through that plateau.
Similarly, in our careers, we need to constantly challenge ourselves and adapt to the changing times, or else we get too comfortable in our current position and stop seeking out new challenges or opportunities.
Attaining our fitness goals may sometimes take longer than expected. The challenge is how to trust the process and be patient. You cannot expect to lose 25 pounds overnight or hope to achieve 3 percent body fat from your current 25 percent after just a few sessions of exercise. It’s all about the grind and being consistent in your healthy habits day after day.
As I relate this to our professional careers, we need to grind it out and gain valuable experience along the way to reach our career goals.
A promotion is not earned overnight, or after a month’s hard work. We have to work for it, and it takes time.
Lastly, make sure to have fun. I know it’s an old adage, but it still rings true. Eating right does not have to mean eating bland food, or that running is too boring, too exhausting, or whatever. There are a lot of recipes out there that are both nutritious and delicious. Also, there are different kinds of exercise aside from the traditional resistance exercises, such as high intensity interval training or tabata training.
Similarly, with our careers, work does not have to be all drudgery. We can volunteer for new roles or responsibilities that will refresh our focus and excite us at the same time. We can also initiate passion projects that are both beneficial to the organization and ourselves.
I did make some changes to my lifestyle, which I am truly proud of. I am able to eat a more balanced diet and exercise a whole lot more. As a result, I am now within the recommended weight range and no longer considered “obese.” I feel a significant difference in my body. I am lighter and more energetic. Seeing my efforts come into fruition only made me hungrier (pun intended) to be more fit.
Such can be applied to our careers as well: even if we have accomplished the target we initially set for ourselves, we need to keep moving ahead and set new and higher goals each time an old one has been reached.
James Araullo is a senior manager with Audit & Assurance at 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 850 staff members. For your comments, please email james.araullo@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. For more information about P&A Grant Thornton, visit our website www.grantthornton.com.ph.
As published in The Manila Times, dated 01 November 2017