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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.
Letter to a young me
31 Jan 2018Dear Anthony,
I hope that you have found your second home in your new school. It is definitely much bigger than the previous school you had been to. That institution is going to be a major factor in shaping who you will eventually become. How is first grade? Hopefully, you have already outgrown your feeding bottles. Mom keeps reminding me, every time she gets an opportunity, that you are still bringing them to school. Time to grow up, buddy!
I have been meaning to write to you for a couple of years now. There is so much that I want to share with you as you journey through life. Lately, I have been meeting and talking to a lot of young adults who are about to start their respective careers. They are interested in how I have lived my life and the basis for some of the important decisions that I have made. They are also interested in what I do outside my work, or if there are any regrets hovering over my head.
Through these conversations, I came to realize that it should be you who should hear about this. These things might not make sense to you right now, but please indulge me.
Save. Save for the future.
As I inch toward the midpoint of my professional life, I am starting to feel the need to prepare for what is next for me. What happens upon retirement? The old thinking is that a person should prepare financially for retirement. One must be prepared to at least be able to save enough to finance life in retirement. Here is the first and the most basic thing I want to share with you: save money.
There are a lot of nice things you can buy. Soon, you’ll discover the comics store outside your school. They will also be selling basketball cards. Knowing you, you will buy a lot of them.
Please exercise restraint. I know how fun it is to collect. I, too, have my own collections of comics and basketball cards. They have been collecting dust in our attic for almost a decade now. More than the act of saving money itself, I want you to be disciplined when it comes to money.
Apart from being financially prepared for retirement, I realize that I should also prepare for what I will do. After working for more than half of my life, I would venture to guess that retirement would be a totally different experience. There are no more daily routines. Suddenly, there will be no more deadlines to meet or presentations to prepare. There will surely be a void that needs to be filled. There should be a lot of options upon retirement, but one must prepare well in advance.
You are still very young. It is easy for you to learn new things. I bet you can memorize a new song after hearing it for a few times. Such cannot be said about adults like me. I remember trying to memorize one of Taylor Swift’s songs so that I can sing along with my daughter. I listened to it over and over as I drove home for about two hours. After being numb to the voice of TayTay, I gave up and had nothing to show for it, except for the chorus.
Here’s the second thing I want you to save: save new skills.
Acquire and save new skills, just like how you obtain new abilities in Final Fantasy. Work on it. Grind it out. Be willing to sacrifice for those new learnings. The opportunities and options that you will have when you start and end your professional career are correlated to the number of skills you have. More than acquiring new skills, I want you to love learning.
How is your sister? It is an open secret that you prayed to have a baby brother instead. But I am sure you will love her. Take care of her. She will surely look up to you so be sure to be a good role model to her. You will also meet a lot of new people along the way. Be nice to all of them. You will soon learn in your Christian Living subject in school that you must love others. Take it to heart.
The third thing I want you to save is your relationships with friends and family.
Never let those relationships slowly die down. If you do not nurture them, no matter how strong the bonds were, you will drift apart from your friends and even from your family. Once you drift away, it will never be the same.
The world is changing fast. Technology is evolving faster than ever. Ideologies are evolving.
But if there is one last thing I want you to save, it is this: save your values. Save the values that Papa and Mama are teaching you. Save the values you will learn from your teachers in school. Save the values you will hear in church. In this post-truth era where civility sometimes takes a back seat and the truth is whatever you want your truth to be, you will need those values. For if you lose your values, no amount of money, no new skills, no strong relationships would help you as you navigate these times.
It will be a fun and bumpy ride ahead of you, but I’m sure you are up to the challenge. I hope to hear from you soon. Mama said that you are still playing tennis. Just be sure to put on sunscreen or else your skin will be as dark as mine.
Sincerely,
Anton
Anton Ng is a partner, Audit & Assurance of 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 over 850 staff members.
As published in The Manila Times, dated 31 January 2018