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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.
While queueing at immigration upon my arrival at Terminal 3 of Ninoy Aquino International Airport (NAIA) recently, I found it sad that Overseas Filipino Workers (OFWs) — our “modern day heroes” — coming home for Christmas are not getting the heroes’ welcome they deserve.
After traveling for four to 18 hours, they are treated to a long wait in disorganized queues, in sweltering temperatures inside the airport. Waiting for one’s turn at the immigration counter from such chaotic queues is like trying to get out of a maze. I observed that such could be avoided if there were sufficient signs for directions and the entire immigration area was utilized to avoid congestion. What happened that time indicated inadequate planning to accommodate the surge in the number of arriving passengers.
If my count is right, there are at least 20 immigration counters at NAIA Terminal 3, but only about six were manned when I arrived, and a couple of them were even reserved for foreigners. Based on the large crowd I saw gathered before the immigration counters, there could have been as many as five flight arrivals that time. Philippine passport holders had to wait a lot longer from their queues, while foreigners breezed through the foreign passport lane.
I understand that making it convenient for foreign tourists is a way for us to show our hospitality and encourage tourism, but I cannot help but ask: Who is more important to us? Is it the foreigners, or the OFWs, who also have their own designated lane but is not enough? What is Filipino hospitality if you cannot even make your own countrymen experience it? If I were a concerned foreigner, I would find this hospitality rather insincere, for how could you be hospitable to others if you’re not hospitable to your own people?
In other countries where I’ve been, the experience is the opposite; i.e., those countries give priority to their citizens. In Singapore, for example, even our fellow Filipinos get to experience the express lane accorded to Singaporean citizens when they have already obtained the permanent resident status. While other foreign passport holders may not be given priority, they can conveniently queue up in very organized lines and their entry is processed quickly. Minus the ambience and the highly digitized system, this can likewise be done at our airports for greater convenience and efficiency.
The struggle for the arriving passenger does not end at the immigration area; it is just the beginning. After going through the long queues, passengers will again have to wait 15 to 30 minutes for their luggage. If they are lucky, their luggage could come out with little damage. Otherwise, the damage could be severe, and worse, stuff from their suitcases could go missing.
After collecting their luggage, they again face a huge crowd of people waiting at the lobby for family or friends among the arriving passengers, blocking the way out. The whole airport experience could just be a foretaste of the inconvenience that awaits them outside – the traffic and the heat as they step out of the airport premises and into the streets of Metro Manila.
NAIA 3 is relatively new but as you may have experienced, the elevators next to the covered parking area look as though they have been used for decades. And there is nothing pleasant about the toilets nearby.
There appeared to be some improvement in the airport as it looked when I arrived, but clearly not enough. I believe that being a third world country is not an excuse for having a poorly operated airport. We have so many highly qualified engineers who could do a good job of improving the facilities and the systems of operation there, and make a big difference in the airport experience of passengers and visitors. The only problem is the mentality that continues to pull us down; i.e., “Puede na ang puede” [That’ll do].
Can the number of arriving passengers, including foreigners, be predicted using inputs from the various airline companies using our airports so the management can prepare to cope with demand for better passenger service? Why not let Philippine passport holders use the foreign passport lane when there are only few foreigners arriving?
If the toilets are dirty, why not hire a cleaning service to maintain them? We have so many unemployed among the poor and maybe homeless. Instead of giving them alms, why don’t we train them to be maintenance people and give them wages to cover their basic needs? We may be able to solve two problems: unemployment and the poor quality of our airport facilities.
This seems like a simple exercise of management and leadership skills and care for our fellow Filipinos, the OFWs, who are fueling our economic growth.
The quality of our airports may be far below the international standards, but it doesn’t have to be this poor. I believe that even as a Third World country, the Philippines can make a difference in the global traveler’s airport experience. Though simple and small, if managed competently by those who would put the welfare and interest of visiting passengers, the Philippine airports may be the first showroom of warm hospitality for which Filipinos are known all over the world. We need personnel and staff who use not only their brains, but also their hearts in making sure foreign visitors and homebound Filipinos are accorded a pleasant, comfortable and efficient welcome and exit service at our airports.
If we cannot give top priority to our fellow Filipinos who are arriving, we can, at least, make their return convenient and exciting. With that, I believe the world famous Filipino brand of hospitality will be truly authentic.
Chris Ferareza is a partner, Audit & Assurance and in-charge of Training 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 m,re than 850 staff members. For your comments, please email chris.ferareza@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 13 December 2017
