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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.
Mind the growth
05 Jul 2017One Tuesday night in June, I found myself lying down on a mat in a hot, candlelit room filled with people, mostly women. It’s my first serious attempt to do yoga (serious because it’s actually costing me both time and money). My wife and her sister were the ones who invited me to join them in this yoga class.
After doing a few easy poses at the beginning of the class, I tried to follow the teacher’s instructions by attempting to hook my right arm behind my back while I was in an uncomfortable, left-cheek-and-shoulder-on-the-floor, twisted position. I might have over-extended my right shoulder. I felt pain. As I tried to slowly unhook my right arm while sweating buckets, I asked myself: “Why am I here again? To keep my wife happy?”
One early morning in January 2016, I received an email informing me that I did not pass a certification exam that I took a few months back. The initial feeling was bittersweet because I almost passed, a much better result than what I was expecting. Right after I took the exam, I knew it was a long shot for me to achieve a good enough score to pass. ‘I didn’t prepare well enough’ was my built-in excuse in case my hunch was correct. I found myself staring again at the exam result in front of me. I sank deeper into my chair. As sadness and disappointment were taking over, I examined myself: “Why did I take this exam again when I knew that the odds were stacked against me? To feel proud of myself?”
Further back, one Friday evening in 2012, my wife and I were on our way to a friend’s house to attend the weekly meeting of our Growth Group. It would be another long night of studying the Bible, talking about our personal triumphs and struggles, and holding each other accountable on how we live our lives in pursuit of holiness. While driving through some horrendous payday Friday traffic, I thought of all the other things that I could have done with this time: finishing some more work in the office, going out on a date with my wife, or staying at home with our daughter. As I parked in front of our meeting place, I took a deep breath and wondered: “Why did I commit my Fridays to this group? To give in to peer pressure?”
Those questions and some other similar self-inquiries are common to me whenever I’m failing or struggling in something that I chose to do. It’s as if I was convincing myself to give up on doing those ‘unfun’ things. Maybe if I wasn’t reminded on why I even decided to commit to those things, I might have folded up easily.
Before answering the whys, let me put some more context. It was in 2011 when I initially heard the phrase, “what you can’t measure, you cannot improve.” And at that point in my life, I felt that I was stagnating. So I started a personal project to determine where I spent my time. I was working on the premise that if you want to improve something in your life, you have to spend time on it. The result of my time measurement project was disappointing at best. I was actually spending a lot of time on things that don’t really allow me to grow or develop as an individual. From that point forward, I became conscious of where I spend my time. And there lies my reason for engaging in all those ‘unfun’ activities I mentioned above; I was minding my personal growth in some of the aspects of my life: health, learning and spiritual.
Minding your growth is like minding that gap between the rails and where you are when boarding or alighting a train. “Mind the Gap” is a reminder to rail passengers to not take for granted the spatial gap between the station platform and the train door. That small gap might seem innocuous but can potentially cause embarrassment, delay, or death, at worst.
Similarly, we oftentimes are not mindful of our personal growth. We take it for granted, maybe believing that personal growth will naturally occur as we live our lives. There might be some truth to that, but just like not minding the gap, not minding our growth could lead to embarrassment, delay, or even injury to the different aspects of our lives.
I tried yoga despite my perceived bias against it because I knew that trying out something new – something out of my comfort zone – will be beneficial to my personal growth. Add to that the fact that my body will also benefit from having a physical activity. I registered to take the certification exam mostly due to my yearning to deepen my knowledge in a different field. Yes, it could benefit my career, but it was more about expanding my horizon, about learning something new. I committed my Friday nights to our Growth Group because there was a feeling of emptiness in my soul and I realized that achieving spiritual growth will not be achieved alone. It is meant to be undertaken with my brothers and sisters in faith.
Last night was my third consecutive week to attend a yoga class. Next year I shall retake my certification exam. And I’m earnestly praying for God’s leading for me and my wife for our ministry. All these and more, because I mind my personal growth. Hopefully, you will as well.
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 more than 850 staff members. We’d like to hear from you! Tweet us: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to anton.ng@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com. For more information, visit our website: www.grantthornton.com.ph.
As published in The Manila Times, dated 05 July 217