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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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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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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
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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
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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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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.
Reminders from my youth
07 Feb 2018Dear Anton,
Thank you for your letter. I’m sorry if I cannot directly respond to everything you said.
Most of it did not make sense to me. I cannot even understand some of the words. I had my big dictionary beside me while I was reading your letter, but it’s okay. It is fun to receive letters. How many letters to other people do you write? I guess a lot. Because, when you are an adult, you can write faster and you know a lot more words and you know a lot more people to write to. You also have a lot more stories to tell your friends about.
I already stopped drinking milk from my bottles. I was so sad when it was taken away from me, but I am okay now. I do not know if I will cry again the same way I cried when they hid my bottles. I was really sad. Do adults still cry? I guess you do not cry anymore when you are already a grownup. I have not seen my father cry at all. Does that mean that adults do not feel sad anymore?
What is your work now? I want to be an architect someday. I enjoy drawing houses. I even draw one for Mama. Is what you are doing now something you dreamed of doing when you were still a kid? When you are already an adult, do you still have dreams of what you want to do when you get older? Is what you are doing now already your dream and so you do not think of anything else to do?
I am not yet allowed to go outside the school by myself, so I have not yet seen the basketball cards you were telling me in your letter. I do not know if I will buy one. Are they nice? Are there basketball cards for PBA players? I now have a favorite team in the PBA.
Do you watch PBA? I love the PureFoods team. I even cried when they lost the other night. I cried because people were teasing me. I hate it when people tease me every time my team loses. People can sometimes be mean. I do not know whether they are mean to me just because I am a kid or they are really mean people. Maybe you are not mean to others, because you even told me to be nice to other people.
Please do not tell my sister that I did not want to have a baby sister. She might get sad. I like her now. Her cheeks are so chubby. The other day, I was playing with her. She keeps on laughing whenever I say “Bulaga!” It is so easy to make her laugh. Adults do not find that funny. Why is it easier to make a kid laugh than an adult? How often do you laugh?
Once a day? What makes you laugh? I’m sure “Bulaga!” does not make you laugh anymore.
I just started to learn to play tennis. I cannot hit the ball that hard yet. Sunscreen? What does that do? I am also now starting to learn how to swim. It was scary at first, but I got used to it.
There are so many things I want to learn. I am thinking of playing the piano or even the guitar. Maybe when you are an adult, you already know a lot of things. How about you?
What musical instruments do you play? What sports do you play?
The other day it was brownout again. It was superhot inside the house so I invited my neighbor friends to play outside. We played turumpo and tumbang preso. Even though I had some bruises, it was still fun. I was supposed to watch Thundercats on TV when the electricity went back, but playing outside was more fun. In school, I play jolens with my classmates after class. The other day, my school bus almost left without me, because I was still playing. Will being an adult be as fun as this as well? I actually do not see any adults who play outside when it is brownout. Do adults still play? If not, what do you do to make your life fun?
I’m sorry if I ask a lot of questions. I am just curious. Mama told me the other day that she is running out of answers to all my questions. I do not hear adults ask a lot of questions.
Is it because you know everything already? Maybe that’s it. Maybe I will also stop asking questions when I know everything. I cannot wait for that day to come. When will that be? When will I know everything and stop asking questions?
That’s it for now. I still need to finish my homework. Homework is never fun, but Mama said that I need to finish them before I can play again. I hope to meet you soon so that we can play and you can tell me more stories.
Sincerely,
Anthony
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 over 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 07 February 2018