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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.
2020: What A Year It Has Been!
14 Dec 2020The sound of rustling leaves and humming cicadas filled the night atmosphere last November 30, 2020, a day before the last month of 2020 kicks in. I put on my sleeping socks to lessen the chills brought by the cool amihan and turned the lights off. The full moon’s light peeked through the little gaps of the cottage’s bamboo wall. It was my first night at home, undergoing the necessary isolation period, after being away for almost a year. An overwhelming feeling of peace engulfed me – the kind of peace I was yearning for a long time. I could not help but look back and contemplate on how the past eleven months went by.
I used to work outside my home province when I graduated in 2017 and since my brother is a seafarer, welcoming 2020 was particularly special for me and my family. We were given the rare chance of celebrating the holidays together. My heart was full of anticipation and hope for the newly unveiled chapter that I even bought a planner for the very first time – a big leap for a spontaneous person like me. I was so committed to the thought of putting my life together this year, to which my close friends can attest. Everything was going smoothly at first. I went back to work after a fulfilling vacation and got regularized on the last week of January.
It was not later until the world seemed to stop without any warning. The next time I saw myself, I was panicking as stores ran out of face masks and alcohol. I feared being in a crowd. People’s smiles were no longer visible. Waking up to bad news after bad news, fear took the place of excitement that was burning inside me. Just like that, I was in a mental and emotional topsy-turvy. I was so afraid not just for myself but for my family back home, for my friends, and for humankind that I exhibited COVID-like symptoms out of anxiety. I did not expect for things to get even worse until the next few months were bombarded with various natural disasters, political turmoil and bickering.
The turn of events this year was a rude awakening to the fact that things will not always go as planned. It made me realize that a day may come when we can no longer go to places we used to hang out a lot, we must maintain a safe distance from people we used to hug, and a simple act of carelessness can be detrimental to others’ lives. It also made me become more conscious of the societal issues that divide us during the time when unity was more important than ever. Most importantly, 2020 opened my eyes to check my own privileges and be sensitive to other people’s needs. Moreover, it was not only our individual resiliency that was put to the test; the strength of our relationships was measured as well. It was a time when we felt the need to hold on to each other more. I was lucky enough to have my constants whose virtual presence and support were enough to get me through each day.
As my consciousness kicked in, I thought of the empty planner I left lying on the shelf. I cannot help but think if I have just thrown away eleven months of my life without achieving something profound. I shrugged the thought off as I realized how the seemingly wasted time actually prepared me for the unknown future. Months of isolation gave me the opportunity to know myself better. I learned how to give myself the pep talk I need whenever I felt inadequate. I discovered new hobbies that sparked me up and got me out of bed in the morning. I learned to appreciate the things and people I was blessed with and let go of those that are not helping me grow. I realized that there will be days when all you need to do is survive and that is okay.
We may have gone through a lot this year but we emerged stronger. Our plans may have been put on hold but that does not mean they were cancelled. As 2020 is nearing its end, let us not give up hope for better days. May the coming holidays still spark excitement within us. We may not clearly see the end of this cold winter but may we continue to believe that a spring day is waiting. As BTS puts it across in a song: “Like an echo in the forest, the day will come back around as if nothing happened. Yeah, life goes on.”
Jojie Esponilla is a payroll specialist of the Business Process Solutions Division of P&A Grant Thornton Cebu Branch. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines with 24 partners and more than 900 staff members. We’d like to hear from you! Tweet us: @GrantThorntonPH; “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 www.grantthornton.com.ph.
As published in Mindanao Times, dated 14 December 2020