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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.
What I learned from being a sports fan
18 Oct 2017Sports has been a deeply entrenched part of my life since I was a kid. I took my first plane ride when I was eight years old to join a tennis tournament in Cebu. In high school, I was on a basketball court when I got a call informing me that my father was rushed to the hospital because of his cancer. One of the issues that my wife and I had to deal with in the early years of our marriage was my regular 2:00 a.m. appointment with FC Barcelona in our TV room.
As I grew older, sports became for me something bigger than sports. It is no longer a source of entertainment. It is no longer about the competition and the drama. NFL players, owners, and fans are now entangled in an ongoing debate on whether professional football athletes should have the freedom to show their protest against racism by not standing up during the singing of the American national anthem. No less than the President of the United States of America voiced out his displeasure against the perceived lack of respect to the American flag and what it represents. In Spain, FC Barcelona played its league game on October 1 behind closed doors as a sign of protest against the denial of its request to postpone the game. The request was lodged in the midst of Catalonia’s independence referendum as it tries to split from Spain.
Apart from its current collision with politics, my interest in sports has intersected with other fields. When players get traded from one team to another, fans would sometimes voice their displeasure. However, you’ll often hear players say that there should be no hard feelings because at the end of the day, “this is business.”
In sports, a mass indulgence managed like a business, we often see a lot of business practices. Unlike other entities, in which we do not have real-time access to how they work as a team, sports organizations are being managed in full view of the public. Each move is scrutinized, every word spoken by a coach is dissected, and even the body movements of players are interpreted. This real-time transparency gives us then an idea of how these organizations work as a team and how they develop their players to achieve team goals. In my almost three decades of being a sports fan, here are some of the principles that I have tried to adopt in my corporate life.
• Work for a common goal despite ongoing personal feuds.
It was publicly known that Kobe Bryant and Shaquille O’Neal did not like each other during their championship run at the turn of the millennium. The lure of winning the championship, though, trumped their mutual dislike of each other. Winning three straight championships despite their personal differences is a testament to their commitment to winning, which is a common goal.
In our work teams, we might not like everyone. We might even despise some of them. However, that should not be a hindrance to the team’s success when we give our best to contribute to that goal.
• Don’t throw anybody under the bus.
When things do not work out according to plan, the coach as the leader of the team often takes responsibility for the team’s failure. In rare moments when the coach publicly passes on the blame to the players, the pundits are often ready to criticize the coach for throwing his players under the bus. This action would sometimes have a residual effect on team chemistry.
There are appropriate ways to give feedback to your teammates and publicly doing so is not one of them. As people often say: Keep the praises public and the reprimands private. Earning goodwill from your teammates and not breaking their trust could go a long way in keeping a team functioning.
• Great athletes work on something during their off-season.
You play to win the games during the season, but winning should start during the off-season. Throughout my “fandom” years, I have observed that great players work as hard during the off-season. For them, they win when they improve a part of their game. Think Federer and his backhand, Michael Jordan with his post-up fade-away jumper, and Kawhi Leonard and his outside shooting. These athletes, although already possessing great talent from the very start, would always find a way to further improve their game. They do not rest on their laurels thinking that they are already great. To stay great, they always add something to their repertoire for the next season.
We, in the corporate world, might not have a clear off-season similar to athletes, but we have seasons during the year when we are not as busy. Those are the times when we need to maximize and plan our own personal growth or development. Identify what those goals and areas for improvement are and intentionally work on them. That’s the only way to remain at the top of our game in our respective fields.
I have shed a lot of tears in my life because of sports, both as a player and as a fan. Hopefully, those tears will not be for naught. Hopefully, lessons have been learned along the way. Hopefully, I have shared them with you as well.
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 18 October 2017