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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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Review engagement
We provide a limited or moderate level of assurance that financial statements are free from material misstatements, in accordance with the Philippine Standard on Review Engagements (PSRE).
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Financial statements compilation
We help in the preparation of financial statements of clients in accordance with Philippine Standard on Related Services (PSRS) 4410.
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Security offerings services
We provide assurance services for our clients’ debt and equity security offerings. These include audits or reviews of financial statements, examination of prospectuses, and issuance of comfort letters as required.
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Agreed-upon procedures
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Other related services
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Tax advisory
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Tax compliance
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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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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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Sustainability
At P&A Grant Thornton sustainability is at the core of our mission. We are committed to fostering a healthier planet through innovative practices that reduce our environmental footprint, promote social responsibility, and ensure economic viability for future generations.
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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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Payroll Services
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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Human Capital Outsourcing Services
We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
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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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Diversity
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In the community
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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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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.
In an era where digital transformation is accelerating across industries, the importance of robust IT governance has never been more critical. As organisations become increasingly reliant on technology, the risks associated with cyber threats, data breaches, and operational disruptions continue to rise. The National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) stands out as a globally recognised model that provides structured guidance for managing cybersecurity risks, making it an essential tool for organisations aiming to build resilience and trust in the digital age. For Philippine enterprises, embracing IT governance through NIST or other frameworks is not just a technical necessity—it is a strategic imperative.
Technology: The backbone of governance
The NIST Cybersecurity Framework, recently updated to version 2.0, introduces significant enhancements that reflect the evolving threat landscape. Notably, the framework now includes “Govern” as a core function, emphasising the alignment of cybersecurity strategies with organisational goals (NIST Cybersecurity Framework: Key Changes to Know). This shift underscores the need for governance structures that integrate risk management, policy oversight, and supply chain accountability. NIST CSF 2.0 is designed to be scalable and sector-neutral, making it applicable to organisations of all sizes and industries (https://www.techrepublic.com/article/nist-cybersecurity-framework-the-smart-persons-guide/).
It provides a common language for cybersecurity, enabling enterprises to standardise practices, assess risks, and implement controls effectively. The framework’s six core functions—Identify, Protect, Detect, Respond, Recover, and Govern—offer a holistic approach to cybersecurity, ensuring that technical measures are supported by strategic oversight.
The urgency of adopting such frameworks is underscored by the alarming rise in cyber incidents. According to Check Point Research, global cyberattacks surged by 47% in the first quarter of 2025, with ransomware evolving into a full-fledged business model (Q1 2025 Global Cyber Attack Report from Check Point Software: An Almost 50% Surge in Cyber Threats Worldwide, with a Rise of 126% in Ransomware Attacks - Check Point Blog). This commoditisation of cybercrime has lowered the barrier to entry for attackers, making even small and mid-sized businesses vulnerable. In this context, frameworks like NIST are not optional—they are essential tools for resilience.
Process: Beyond technology alone
While technology plays a critical role, it is not sufficient on its own. Cybersecurity must be treated as a business-wide undertaking that integrates processes, policies, and strategic planning. As Chirag Shah, Global Information Security Officer of Model N, Inc., aptly notes in Forbes, “Cybersecurity has become a pivotal business imperative, transcending mere technical challenges” (Cybersecurity Framework: How To Build and Optimize Programs | Gartner). Organisations that view cybersecurity solely as an IT issue risk overlooking its broader impact on reputation, compliance, and operational continuity.
Effective IT governance requires well-documented policies that address all key aspects of business operations—from data protection and access control to incident response and vendor management. These policies must be reviewed at least annually or as needed, ensuring alignment with both organisational practices and industry standards such as NIST CSF. The integration of governance into cybersecurity strategy enables organisations to proactively manage risks, rather than reactively respond to incidents.
Moreover, the process of policy development and review should be inclusive, involving cross-functional stakeholders to ensure that cybersecurity measures reflect the realities of each business unit. This collaborative approach fosters accountability and ensures that policies are not only technically sound but also operationally feasible.
People: The human element of security
Technology and process are only as effective as the people who implement and follow them. A strong cybersecurity posture depends on a culture of awareness and vigilance across all levels of the organisation. Employees must be educated about organisational policies and trained to recognise and respond to potential threats. This alignment with governance frameworks like NIST ensures that individuals understand their roles in maintaining security.
The rise in targeted attacks, such as phishing and social engineering, highlights the need for continuous education and engagement. Organisations must foster a culture where cybersecurity is everyone’s responsibility—not just the domain of IT professionals. Regular training, simulated exercises, and clear communication of policies are vital components of this effort.
Furthermore, leadership must set the tone by prioritising cybersecurity in strategic discussions and resource allocation. When executives champion IT governance, it signals its importance to the entire organisation and encourages adherence to best practices.
Securing the future through governance
In an era where cyber threats are not just probable but inevitable, IT governance anchored in frameworks like NIST is a cornerstone of organisational resilience. By integrating technology, process, and people into a unified strategy, enterprises can mitigate risks, protect assets, and ensure continuity.
For Philippine organisations, adopting NIST and similar frameworks is more than compliance—it is a commitment to excellence and security. As the digital landscape continues to evolve, those who invest in governance today will be better equipped to navigate tomorrow’s challenges. With structured frameworks, vigilant processes, and empowered people, businesses can transform cybersecurity from a reactive burden into a proactive enabler of growth and trust.
As published in The Manila Times, dated 15 October 2025