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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
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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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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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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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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.
For a policy to be effective, it must be supported by reliable infrastructure, clear communication, and consistent enforcement. In a significant development, the Supreme Court of the Philippines has lifted the temporary restraining order (TRO) on the No Contact Apprehension Policy (NCAP), paving the way for its implementation across Metro Manila. This move is poised to have significant implications for businesses, commuters, and the overall economic landscape of the region. The big question is whether it is timely and sustainable, given the condition of traffic signage and roads.
Background and business implications
The NCAP, introduced by the Metropolitan Manila Development Authority (MMDA), utilizes advanced technology such as closed-circuit television (CCTV) cameras and digital imaging to monitor and penalize traffic violators without direct physical interaction. The policy, which was suspended in 2022 due to legal challenges, aims to enhance traffic management and improve road safety. With the Supreme Court's recent ruling, the NCAP is set to resume, particularly along major roads like EDSA and C-5.
For businesses operating in Metro Manila, the resumption of NCAP could bring both opportunities and challenges. Improved traffic management can lead to more efficient logistics and transportation, reducing delivery times and operational costs. However, the effectiveness of NCAP will largely depend on addressing existing issues within the traffic system and infrastructure.
Road conditions and traffic system challenges
Metro Manila's road conditions and traffic system have long been criticized for their inadequacies. Poorly maintained roads, insufficient signage, and a lack of strategic placement of traffic advisories contribute to the chaotic traffic situation. The visibility of road signs is often compromised, making it difficult for drivers to adhere to traffic rules. Additionally, the lack of formal driving training and discipline among motorists exacerbates the problem, leading to frequent violations and accidents.
Visibility and placement of road signs
One of the critical issues that need immediate attention is the visibility and strategic placement of road signs. Many signs are either obscured, poorly lit, or placed in locations that are not easily visible to drivers. This creates confusion and increases the likelihood of traffic violations. For NCAP to be effective, it is essential that road signs are clearly visible and strategically located to guide motorists appropriately.
Motorist formal training and discipline
The behavior of motorists in Metro Manila is another significant challenge. The lack of discipline among drivers–many of whom also do not have formal driving training–often leads to reckless driving, illegal parking, and other traffic violations. This behavior also hampers disciplined drivers' ability to navigate the roads effectively and safely, sometimes even causing them to commit traffic violations themselves. The MMDA's NCAP aims to address this issue by imposing fines and penalties based on recorded violations. However, fostering a culture of discipline and respect for traffic rules requires more than just punitive measures. It necessitates comprehensive education and awareness campaigns to change the mindset of drivers.
Positive effects
While there are major challenges, there are also positive effects that can be realized once the system is effectively implemented—provided the cited challenges are addressed. These include:
Sustainability and environmental impact
The implementation of NCAP also has potential sustainability benefits. Efficient traffic management can lead to reduced congestion, which in turn decreases vehicle emissions and fuel consumption. By promoting disciplined driving and reducing traffic violations, NCAP can contribute to a cleaner and more sustainable urban environment. Additionally, the use of technology in traffic management minimizes the need for physical interventions, reducing the carbon footprint associated with traditional enforcement methods.
Social Impact
The resumption of NCAP is expected to have a significant social impact. By promoting disciplined driving and reducing traffic violations, the policy can lead to safer roads, benefiting not only motorists but also pedestrians and cyclists. Improved traffic management can enhance the quality of life for residents by reducing travel time and stress associated with commuting. Furthermore, the policy can foster a culture of accountability and respect for traffic rules, contributing to a more orderly and harmonious urban environment.
Economic benefits
Despite the challenges, the lifting of the TRO on NCAP presents several potential economic benefits for Metro Manila:
- Enhanced Traffic Discipline: By penalizing violators through technology, NCAP can instill a sense of accountability among motorists, encouraging them to adhere to traffic rules.
- Improved Road Safety: Reducing traffic violations can lead to fewer accidents and safer roads for both drivers and pedestrians.
- Efficient Traffic Flow: Better traffic management can result in smoother traffic flow, reducing congestion and travel time for commuters.
- Potential Reduction of Losses Due to Traffic: Improvement in traffic conditions can potentially reduce economic and productivity losses caused by traffic congestion and accidents.
The Supreme Court's decision to lift the TRO on the NCAP marks a significant step toward improving traffic management in Metro Manila. However, for the policy to be truly effective, it is essential to address underlying issues such as poor road conditions, inadequate visibility and placement of traffic signs, and the lack of discipline among motorists. Integrating NCAP with existing traffic systems and promoting a culture of respect for traffic rules can help pave the way for a safer and more efficient transportation network.
While the intention behind the policy is noble, the critical question remains: Are the current traffic infrastructure and motorists truly ready for its implementation? This also raises concerns about whether the timing is appropriate and if the policy can genuinely deliver a positive and sustainable impact.
As published in The Manila Times, dated 28 May 2025