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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.
Words matter
06 Sep 2017Over the weekend, my two daughters were playing a game wherein their “powers” would be determined by the words that they said. Their special powers lived in their words.
“Ice!” shouted my three-year old as she pointed both her arms to her sister. A blast of ice was about to enclose her ate when my eight-year-old closed her eyes, stretched her arms to both sides with palms facing up and whispered, “Strengthen my barrier.” A forcefield protected her from the icy blast of the little one. Not only could ate protect herself with a barrier, she could also summon the powers of fire to melt the ice and earth to make flowers bloom. And because the little one could only summon ice, frustration became evident on her face. She couldn’t compete; not because she could neither shout louder nor lacked imagination, but because she could only have the power of “ice.” She couldn’t compete because her sister’s vocabulary was far superior to hers.
Words matter, because unspoken words cannot conjure the power that lives in them if kept silent. In the Bible, God spoke the world into being. Not only did He think of creating the world, He spoke it. He commenced the creation of the universe with the words, “Let there be light,” and there was light.
The miracle of words is not confined to God alone. In the crucial hockey game between the United States and the highly favored Soviet Union during the 1980 Olympic games, Coach Herb Brooks of Team USA gave his “Great moments are born from great opportunity” speech. The speech that we heard in the 2004 movie Miracle may or may not be the exact speech given by Coach Brooks, but words were definitely heard by the players in the Team USA locker room that day. Sure, the speech alone did not cause the amateur college players of Team USA to beat their Soviet counterpart, but the words uttered by Coach Brooks contributed to the energy displayed by his team, which led to their miraculous victory.
Words matter, because words can provide hope in spite of the bleakness that surrounds us. Martin Luther King, Jr. uttered the words: “I have a dream that…little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers,” at a time when hope for racial equality seemed to be lost forever. More than half a century later, his words continue to inspire hope for those who desperately need them today.
Words matter, and when they are not spoken regret may dawn, and by that time, those words may no longer matter. They may no longer be heard nor needed. How many times do we hear people say that they regret not telling the one they love how much they loved them before they passed away? Would your words of encouragement and praise, if given to one of your employees, have resulted in retaining talent in your organization?
Words should matter, not only in our generosity with words but also in our choice of words. Given their power to destroy one’s spirit, our choice of words matters. Given their power to stir up hatred and violence, our choice of words matters. Given their power to sow confusion and misunderstanding; because words can inflict wounds, our choice of words should definitely matter. So postpone sending out an email or talking to our staff when we are angry. The message we want to deliver can wait, but we can never take back the words that have already left us. Read and reread our draft before we send those emails. Check not only for grammar and spelling but, most importantly, read it from the perspective of the person receiving such an email. You can even have one of your colleagues read your draft email before you hit the send button.
The memory of how we were reprimanded by the boss remains with us long after the wound was supposed to have healed. We remember how we felt humiliated and insecure when our work was judged to be inferior for all our co-workers to hear? Use words that can build up and not destroy. Words can make or break a person, an organization, or even an entire nation.
Some might argue that actions speak louder than words. Others would say that words without action are dead. Although these sayings may be true, they do not and should not prevent us from being generous with words wisely chosen. For if such words are muted, action will be nothing more than a symbolism that is subject to interpretation – interpretation that could have been clarified through the use of the right words.
Words matter, and the appropriate choice of words matters as well. If you have the appropriate words, speak them, write them, never hold them back. Otherwise, you’ll be frozen in ice by the very power of the word spoken by my little girl.
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 more than 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 BusinessWorld, dated 06 September 2017