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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.
More than 80 percent of all businesses in the Philippines are family-owned. The nature of these businesses covers a whole range, from the small sari-sari stores to the big malls like those of SM and Ayala. Yet, despite the vast disparity in their sizes and profits, most family businesses share the same quest to preserve and grow their businesses.
In today’s interconnected, hyper-competitive economic climate, it’s essential for family businesses to have a strong team of advisors—individuals who can offer sound professional advice to help owners make the best possible decisions for both their business and their family.
Unfortunately, building and managing such a team can be a challenge—and, in some cases, it can actually cause more headaches than remedies. In a research conducted by the Society of Trust and Estate Practitioners (STEP), family business owners revealed that one of their top challenges was simply finding advisors with the ability to offer holistic advice—that is, advice that does not neatly fit into product-oriented professions.
Perhaps at the heart of the problem is the fact that some family businesses hire advisory teams that are essentially made up of competitors. Filipinos always like to have a second opinion. This is true not just for doctors, but even for business advisors; they often retain simultaneously two competing law firms or two competing financial advisors. Thus, the advisors are often unwilling, or unable, to talk to one another, leading to either a duplicity of advice or costly advisory gaps.
Additionally, advisors are typically trained to offer purely technical advice—and may have trouble applying it to the context of a family enterprise or recognizing the unique role that family relationships play in effectively putting that advice into practice.
The quarterback advisor
While inefficiencies surrounding the traditional way of offering advisory services are still too common, there are signs that, indeed, the times may be a-changin’. Business advisors now recognize that advising family businesses needs a different skill set. For instance, some advisors are now trained under a comprehensive standard of education and practices designed to enhance the skill sets of professional advisors, allowing them to offer advice that’s better suited to a family’s personal and business needs.
Similarly, advisors trained to work with family enterprises could offer both technical and interpersonal advice and are honed to understand a family’s specific goals so as to find the most appropriate solutions. In many ways, they act as a sort of quarterback—aligning advisors and transforming competitors into collaborators. They also work diligently to understand the nature of the family business dynamics, and how different relationships or life events could potentially impact the family enterprise as a whole.
Having an advisor hold this type of lead, or “quarterback” role, can benefit the family business in a number of ways, including:
Defining the needs of the family enterprise. Every family enterprise—like every family—is unique. A lead advisor will work with the family members to better understand the needs of the family and the business, including their primary concerns, future goals and dynamics.
Pre-qualifying advisors. Because they’ve spent years developing a strong network of accounting, banking and legal professionals, these lead advisors can save time by helping the family build a cohesive professional team that will work with the family system and their unique needs.
Fostering better-tailored advice. The family enterprise “quarterback” can help make sure there’s no significant duplication—or gaps—in their advisory services. They’ll also be able to recognize when an issue requires a solution or when it simply needs to be more effectively managed.
Enhancing communication. The lead advisor can take steps to ensure all advisory team members are on the same page and that no one is left out of the loop. This leads to more efficient and specific decision-making by all advisors.
Above all else, the family advisor must have the complete trust of the family members and must understand the unique dynamics of the family. For example, if all business decisions must first be approved by the matriarch, then the family advisor must be able to recommend how to make a particularly drastic measure acceptable to the matriarch. Sometimes, relying heavily or solely on financial or legal bases for a particular recommendation would not suffice to convince the decision makers in the family.
Ironically, some owners find it difficult to efficiently and effectively manage their own family enterprise’s advisory team. The team that is supposed to help and assist them can prove to be another additional friction point that must be separately managed. In such case, it is highly important to consider finding a family enterprise advisor to take the lead. Such a move could not only enhance the advisory services received, but it may even help the business owners save time and money and more importantly, heartache.
Atty. Lea Roque is head of the Tax Advisory & Compliance 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 21 partners and over 800 staff members.