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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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Other related services
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Tax advisory
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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
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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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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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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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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We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
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Behind the Numbers: People of P&A Grant Thornton
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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