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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.
Time flies fast
24 Jul 2019I have been hearing a lot about time for the past several days—time that continues to pass us by regardless if we are ready or not. From the pastor’s sermon last Sunday to my drive-home conversations with my wife, these moments have contributed to my thoughts on time—thoughts that include what we sacrifice in our pursuit to “increase” our time.
Time flies quickly, and time is limited. These observations about time are nothing new. Many of us, if not everyone, would also have these realizations whenever looking at growing kids, learning of a death in our family or circle of friends, or attending our high school reunions. We are constantly being reminded of how quickly time flies.
Our time on this earth is fleeting. St. James describes our life as a “mist that appears for a little while and then vanishes.” As to how much time we have left, none of us knows. Yet, if we examine how we live our lives, we seem to live our days as if our time is limitless, with no urgency to attain our goals and achieve our purposes in this world. We often deliberately allow ourselves to act like a rudderless boat, floating wherever the wind blows, not minding the when and the where, much more the how and the why.
But why is this the case? For something we consider precious (remember the times when we were reminded that ‘time is gold’ and ‘don’t waste time’), we do not seem to treat time as such. Is it because there is a feeling that time resets every midnight, resulting in a new set of 24 hours? Is it because, for the longest time, we still have time when we wake up each morning? Is it because it seems that we do not have to put any effort to obtain time? Time seems limitless and easy to get, is it not? Money, which we obtain with hard work and effort, is nothing like time.
Time has its way of getting back at us. Our tragic trait to take time for granted might have created one of the main contributors of our stress: deadlines. Because the world does not trust us to prioritize meaningful and goal-aligned activities, it has to set certain parameters, such as deadlines, to keep us moving at a certain direction.
Unlike money or other resources we have, there is no clear owner of time. This ownership vacuum leads us to believe that we own our time. Our seeming ownership of time, combined with our self-centered tendencies, causes us to use it as we please. My time is my time. This creates its own set of issues as well. Deep inside, we often think: “I will do whatever I want with whatever time I have”; and there are times when “whatever I want” is not really well thought out, meaningful, or value-adding to anyone.
As we grow in our careers, however, the demand for our time and the accompanying responsibilities increase. Thus, further exacerbating our issue with time. From taking time for granted to having to contend with deadlines, which eventually result in pressure, we are then looking for ways to be more efficient and to increase our capacity.
For those who have the resources to do so, we try to resolve this issue in efficiency and capacity through the aid of technology. Through our mobile phones, we order food to be delivered to our workstations, browse social media posts to be updated on what has been happening with our friends and family, skip church on Sundays because we can listen to the sermon online. Conveniences surely provide us with the additional time we need, but at what cost?
By buying conveniences, we are essentially foregoing the time we would have spent interacting face to face with other people. We are becoming more and more isolated from each other, only needing our gadgets as we live in this world—a world wherein we are not meant to be alone.
Time is limited. It is fleeting. May we use it wisely and with a purpose. Time flies fast. As we keep up with it, let not our relationships with one another be sacrificed in the process.
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 24 July 2019