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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.
Have you dug enough?
08 Nov 2017#Millennials. The trending topic on career evolution and workplace innovation focuses on the generation that will soon be the majority of the global workforce. Several articles have been published on how millennials are vastly different from Generation X and baby boomers. Some tag them as narcissistic, lazy and risk-averse, while others view them as optimistic, goal-oriented and purpose-driven. They grew up in an environment where technology has been revolutionary, communication has been easier, and everything is just one click away. Cell phones are attached to them like umbilical cords and the internet has become a lifeline.
With the fast-paced environment in which they live, millennials tend to have a shorter span of patience toward achieving their desired success in life. After two to five years of working, millennials begin spending too much time contemplating on their life status. How should they live their lives? Why do their colleagues seem much more successful? Even with their degrees and professional licenses, why do they still earn a meager income? Is their current job really what they want to do for the rest of their lives?
As a result of the time they spend mulling over such questions, millennials sometimes get known for being impatient job hoppers. They have one foot outside the office door, ready to leave when good opportunities come or things get too tedious or too demanding at work.
A majority of my staff are millennials. Though there are differences in perspective, habits, working style and priorities, they all appear to share the same goal: to have a successful career. However, after being asked, they seem unsure of how to achieve such goals. While it is true that there is no single blueprint for success, one must know how to build his or own career.
Here’s my take on career-building.
The initial questions you should ask yourself are: What do you want with your career? What do you want to achieve in life?
Normally, the age of entry-level employees ranges from 20 to 25. With the retirement age set at 60 under the law, an employee has 35 to 40 years to build his or her career and decide up to which level he or she wants to reach. A career ladder generally has six levels: first, the associates, followed by supervisors, then first-line management, middle management, senior management, and at the highest level is the top management. Now, up to what level of the career ladder do you want to climb and are willing to work for?
Most of the millennials I have worked with aspired to reach at least the senior management level. However, this does not seem to be an easy task. How would it be possible? With the long line of employees waiting for promotion and the years they have spent in their work, how can one compete?
There is no definite answer for this but, in my perspective, one’s foundation plays a vital role in career-building.
Building a career is like building a physical structure, be it a simple bungalow, a medium-rise building, or even a skyscraper. Your career is the physical structure that you want to create and, like all physical structures, a structural foundation is established at the very beginning. The type of foundation differs depending on the type of structure you want to build. The higher the structure, the deeper one must dig for establishing the foundation to ensure that the foundation is able to support the weight and size of the structure. Imagine wanting to construct a 15-story building, but establishing a foundation only enough to support a bungalow. With such a weak foundation, the building is expected to collapse and fall apart.
As such, the foundation depth of the 15-story building will definitely be deeper than those made for smaller houses. On the other hand, if you have initially established a foundation meant for a high-rise condominium but then settled to build only a single-detached house, wouldn’t all that time and money you spent on digging for that foundation become a waste?
Career-wise, if you want to reach a certain level on the career ladder, assess your early years to determine whether you have obtained and established a strong foundation to support your career goal. The foundation is not only determined by the number of years you’ve spent working, but more importantly, the skills and experience you have acquired, the expertise you have gained, and your ability to cope with changes.
The skills required for each career level varies. Outstanding technical skills will leave a good impression on your bosses when you are at the associate level, but as you climb up the career ladder, you will soon realize that there are other skills needed, such as leadership and management skills. Your ability to effectively communicate and make decisions is also a valuable set of competencies that will serve your journey up the ladder as well.
These skills can be further developed as you learn to accept greater responsibilities, welcome new challenges, and step out of your comfort zone. This may include expansion of your knowledge through exposure to a wide range of industries. It is good to gain mastery in one field, but developing your expertise in various types of industries will let you familiarize yourself with several diverse business practices and provide information on how these industries will affect one another, thereby aiding you in making informed and reasonable decisions. Thus, when trying to build a stronger foundation, it is important that what you do today enables you to learn new things and strengthen your individual capabilities for the future.
Nonetheless, knowing where you want to go in the first place already allows you to consider the possible options to arrive at your goal and evaluate whether what you have now is sufficient to reach the journey’s end.
With your target in mind and with options being laid out in front of you, take the time to reflect on this: “Have I already dug enough?”
Nelson J. Dinio is deputy head of Audit & Assurance, and partner-in-charge of P&A Calabarzon Operations. 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 nelson.dinio@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 08 November 2017