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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.
Not all dreams come true
22 Jan 2020When I was four years old, I dreamed of becoming an architect so I can design a house for my mother. As soon as I realized how hopeless the sketches I made looked, that was the end of it. I also dreamed of becoming a rock star; heard my own signing voice and never dared to sing in the showers again. Dreamed of becoming a professional basketball player but I could not even get any respectable playing time in our barangay basketball league. There were many other different careers I aimed for while I was growing up – and being a certified public accountant was definitely not one of them.
Good thing, back in those days, nobody told me that I can be whoever I want to be and that if I put in the work, persevered and devoted my time and energy, I could make my dreams come true. As we go through life, we are constantly reminded of how cruel and unfair the world can be; that in a world where people have different goals to pursue, their quest to reach their dreams may cost you reaching your own. You might have lost your scholarship because somebody else’s unqualified nephew took your spot. How about receiving a failing grade because you did not reciprocate the sexual advances of your professor? How many plans and dreams did the collapse of Enron crush? Imagine being a Major League Baseball (MLB) pitcher who dreamed of winning a World Series game but somehow lost because your opponent was cheating.
During the past several weeks, there was a big controversy surrounding MLB. A team from Texas, the Houston Astros, was found to have cheated their way to being declared as the World Series champions in 2017. They cheated with the help of technology to steal pitching signs used by their opponents, the Los Angeles Dodgers, during the championship series.
Coaches, players and even senior officials of the organization were found to have participated, in one way or another, in this scandalous activity. Many sports pundits were pointing at the culture within the organization as the driving force. The win-at-all-cost-and-we-are-smarter-than-everyone-else mentality has led them to believe that they can get away with it, and the everybody-is-cheating-anyway mindset is probably how they justified it to themselves that what they were doing was okay.
These acts of cheating, corruption, nepotism and the likes, have direct and indirect implications to somebody else’s life, and to somebody else’s dream. In the perpetrators’ desire to pursue their own dreams, somebody else’s was destroyed.
This reality should lead us to the conclusion that in this world, dreaming is not enough; having a clear goal is not enough; persevering and never quitting are not enough; hard work, talent, intelligence, skills, time, effort are never guarantees that you will reach your goals; that you will never experience heart breaks; that you will get your desired results; and that you will be rewarded. All these can never guarantee success, but we should still do it anyway. We should still pursue our goals, especially those that help provide for our own needs, our loved ones’, our community’s. Dream of them, persevere, put your effort and time in these pursuits because what else are we supposed to do in this life? At the end of the day, we may or may not achieve what we have set out for ourselves. Somebody, or maybe even our own selves, have done something that prevented us from achieving our goals. Hopefully, knowing this reality would not crush our spirits to continue to pursue the same thing or other things. May we never be too naïve to think that we can achieve anything that our hearts desire and would be devastated when we cannot; nor may we never be pessimistic to even try pursuing anything in this life because “none of it will come true anyway,” for where is the joy in that? May we all have enough courage to pursue our dreams, whatever the results of that journey would be; and may we all have enough resilience and love to go through our failures until we start our next journey once again.
It is now my kids’ turns to have their childhood dreams of what they want to be. Ballerina, fashion designer, model, vlogger, doctor are just some of the careers that, at some point of their very young lives, have been identified as a possible future career. I never promised them anything but my love and support, whether those dreams would become their realities or not.
Anton Ng is a Partner in the Audit and Assurance 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 23 partners and more than 900 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@ph.gt.com. For more information, visit our website: www.grantthornton.com.ph
As published in The Manila Times, dated 22 January 2020