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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
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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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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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Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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Fresh Graduates
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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.
When words matter more
19 Jun 2019More than a year has passed since I wrote the article “Words Matter.” Through that article, I shared how my kids would play a game where their powers are determined by the words they utter. My then eight-year-old daughter, with her significantly superior vocabulary compared to her much younger sibling, can say a lot more. She can summon fire to melt ice, make flowers bloom to signify a new beginning, and surround herself with a force field to protect her from the attacks of her sister. Her sister, who was only three at that time, can only summon “Ice”! This little one got annoyed so much, because her limited words hindered her from being able to compete with her sister.
Yesterday, as I was waiting to board a plane flying south, I received a call from my eldest daughter. She needed help with an essay she wrote about herself, particularly describing her strengths and flaws. Part of her essay talks about how she loves and cares for her sisters, even though they can be “annoying” at times. The former three-year-old who could only summon “Ice!” can now say so much more. “I am not annoying!” was what I heard from the other line. It brought a smile to my face, as I can only imagine her arms crossed, lips pouted, and brows furrowed, as she passionately sprouted those words to her ate. Such cuteness, despite the seething anger I can sense as I sat at the airport.
Words matter, yes they do. Words matter, because unspoken words cannot conjure the power that lives in them if kept silent. Words matter, because they can provide hope in spite of the bleakness that surrounds us. Words matter, because the absence of such may cause regret when such words would not matter anymore.
Words matter for everyone. But, for those whose sphere of influence is greater, words should matter more. This was not the first time my second daughter heard her older sister refer to her as annoying. But, as my ten-year-old’s influence over her sister expands as days go by, that single word now carries much more weight. It pierces deeper; it lingers longer.
Similarly, as we broaden and deepen our influence in whatever work or career we pursue, our words matter much more. This is why celebrities or social media influencers get praise or flak from the public,
simply because of what they say or not say. This is the reason why we cannot compare the uncouth words of an ordinary university student with that of a powerful government official. One is but a whisper in a crowded train station, while the other is a shout that echoes throughout the land. Same words, but one is exponentially more impactful.
Imagine your same self as a young staff member, fresh out of university, full of ideas and filled with ideals. You share your thoughts at every given opportunity. Regardless of who hears those words, those words will be taken as they are, as another suggestion that carries with it its own pros and cons. Now imagine your same self as a leader of an organization, still full of ideas, filled with ideals now tempered by realism. You still share your thoughts at every given opportunity. This time, however, those words carry much more weight. People hearing those words would treat them differently. It would no longer be one of those suggestions. It will now be the suggestion coming from a leader of an organization.
What is the implication? As our words carry greater weight, our words should, therefore, come from a place that is measured and examined. The more those words should not come from a place of hate or resentment. It should now bear more responsibility to the speaker of those words to be more mindful of the words delivered.
What then? Shall we speak less as our careers progress? Do so only if you live your life in fear: fear of being held accountable for your words, fear of being rejected, fear of what those words might bring. Withholding your words may shield you from being criticized, but it also denies the people reached by your influence the power in those words and the hope they may bring. Let not our words be silenced by these fears.
Words matter more as you progress in life. May we not cower in fear as our responsibility in speaking our words increases. If you have the appropriate words, speak them, write them, never hold them back. This is true in our earlier days, much more true as we mature.
The word “annoying” hurt her younger sister, but words also made it possible to make the younger one laugh as she says “I will pick you up if you fall… but right after I laugh.” Sister War 3000 was then averted.
Anton Ng is a Partner of the Audit & Assurance P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 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 19 June 2019