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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
We perform agreed-upon procedures in accordance with applicable professional standards, delivering factual findings reports tailored to the specific needs of our clients and relevant third parties. Our services include asset and inventory count observations, financial statement translations, and assistance with regulatory applications such as capital stock increases and debt-to-equity conversions.
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Other related services
We help our clients stay ahead of the evolving complexities in the accounting landscape. Our offerings include training programs, transition and implementation planning, and impact assessments related to newly adopted accounting standards, such as Philippine Financial Reporting Standards (PFRS Accounting Standards) and other relevant frameworks.
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Tax advisory
With our knowledge of tax laws and regulations, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimise the impact of taxation, enabling you to maximise your potential savings and to expand your business.
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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
We cover a wide range of solutions that help you identify, address, and monitor the risks of your business.
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Business consulting services
We help organisations improve their operational performance, efficiency, sustainability, and effectiveness in today’s dynamic business landscape.
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Transaction services
We help organisations provide strategic advice and support throughout the transaction process and provide financial reporting advisory services to help companies successfully navigate the complex financial requirements in a broad range of scenarios.
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Forensic advisory
We provide support to organisations on dispute resolution, fraud prevention and detection, insurance claims, and other situations requiring detailed investigations.
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ProActive Hotline
We empower organisations to uphold integrity through safe and anonymous reporting.
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Sustainability
We promote responsible and innovative practices that reduce our environmental footprint, promote social responsibility, and ensure long-term economic viability
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P&A Academy
P&A Grant Thornton's unwavering commitment to relevance extends to its learning arm - P&A Academy.
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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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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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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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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.
Every time I am asked to give an advice to new hires in our Firm, I never failed to mention to them: “Read books!” Also, I usually make a random survey of new hires who are habitual readers by a show of hands, and sadly, those who read are less than 10 percent of the batch. In this age of YouTube, mobile gaming, Twitter, Facebook and Instagram, books, indeed, have a formidable competition. The youth find it easier to surf than to read. Nowadays, reading is likely seen by the youth as a chore and, to some, even geeky; not realizing the many benefits of reading. How do we, indeed, entice the young to read and see the benefits of reading?
An article in the Harvard Business Review entitled “For Those Who Want to Lead, Read,” asserted that “reading can make more effective leaders.” “Reading increases verbal intelligence, making a leader a more adept and articulate communicator,” wrote John Coleman in that August 15, 2012 article. It’s not just reading business books and magazines, though. The article said, “reading novels can improve empathy and understanding of social cues, allowing a leader to better work with and understand others. And any business person understands that heightened emotional intelligence will improve his or her leadership and management ability.”
If one goes through the list of benefits of reading, one would find that readers attest to an enhanced thinking process and improved written and oral communication skills. Also, readers get a glimpse of human nature and motivations that bequeath them empathy and a better understanding of other people. Reading also provides us a respite from the stress while it keeps the mind active.
One of the things my mother is proud of when it comes to her children is that we are voracious readers. I read everything. I grew up reading Filipino graphic comics. My mother bought these “komiks” like Hiwaga, Tagalog Klasiks, and Pilipino Komiks from Agoo, La Union, which we then rent out to customers of our sari-sari store in Sto. Tomas, La Union. I remember my siblings and I usually fought over who got to read them first. There were times I hid the magazines from customers when I was not done reading them yet. My reading habit continued to Readers’ Digest and then to the best-selling novels of Forsyth, Clancy, Patterson and Grisham on to memoirs and biographies. Today, I read any book that catches my fancy. To me, reading widens my vocabulary and polishes my speaking and writing skills. Sometimes, I am surprised that the apt words just pop in my head when I am writing a difficult email or composing an article. Moreover, when I am talking to clients and colleagues, I realize some things just come out based on knowledge stored at the back of my mind.
I am not sure how my love of reading came about. I just know I can be transported elsewhere from where I am reading. Fortunately, my wife loves reading, too. Thus, we practically forced our children to read by limiting their television watching and computer surfing and playing. We have a policy where we set no limit when it comes to buying books. I am not sure whether this is the right way to instill the love of reading to kids nowadays.
There are several highly successful people who credit reading as one of the main reasons for their success.
Warren Buffett reads at least 500 pages a day while Bill Gates reads practically one book a week. Phil Knight of Nike is also said to have an extensive library. Practically all the tech companies’ innovators, founders and business titans are voracious readers. The Founders of P&A Grant Thornton—Ben Punongbayan and Joe Araullo—are also avid readers.
With the hosts of benefits and known personalities who are role models, how come reading is still believed to be in decline? What should we do to encourage our next generation of leaders, especially the Generation X and millennials, to read? With the internet becoming more ubiquitous, how can physical reading be considered a fun and worthwhile activity for the young?
There are many suggestions to get the youth to read—organize a book club, join a reading group, relax in a “no internet” place, etc. Most importantly, those of us who still do read should read to our children to pass on the love of reading. Also, in this age where we are drowning in too much information, a great book is still a worthwhile refuge. Let us always remember what Mark Twain said: The man who does not read good books has no advantage over a man who cannot read.
Jessie Carpio is a partner and head of BPS/Outsourcing. He is also the president of P&A Grant Thornton Outsourcing Inc., an entity wholly owned by 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 800 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 jessie.carpio@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 22 February 2017
