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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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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.
In today's interconnected world, businesses must navigate both local and global landscapes to achieve sustainable growth. The concept of working locally and globally is essential for companies aiming to expand their reach beyond domestic borders. Collaboration initiatives play a pivotal role in this expansion, enabling businesses to partner with international entities, invest in advanced technologies, and align processes across regions. This article explores the fundamental elements required for successful collaboration and growth in the service industry, using practical examples and highlighting key strategy combinations.
Key Elements for Successful Collaboration and Growth
1. Quality of Service
In the professional service industry, maintaining the highest quality of service is crucial. This serves as the cornerstone of your marketing strategy, showcasing your capabilities and reliability to clients. High-quality service fosters trust and reputation, which are essential for expanding your network locally and globally.
2. Adopting Global Best Practices
To stay competitive, businesses must align their processes with global standards. For instance, in procurement operations, familiarity with systems like Coupa can provide a significant advantage. Coupa is widely used to streamline procurement, manage supplier relations, and optimisze costs. Having a team proficient in such systems can position your company ahead of competitors.
3. Leveraging Technology
Choosing the right technology is vital for growth. In the Philippines, GCash has gained international recognition and is now present in 16 countries, including the United States, Canada, and Japan. This mobile wallet can be an innovative tool for companies abroad to transact and pay suppliers in real-time, enhancing efficiency and reach.
4. Human Capital
Finding the right talent to meet local and offshore business requirements is crucial. Talent sources include reputable firms, single practitioners, online consulting practices, and captive shared services operations. The Philippines is emerging as a competitive talent source destination, offering skilled professionals for various industries. Effective talent management and sustainability are key to long-term success.
Mixing the Key Elements for Collaborative Business Growth
Add Quality of Service with Technology
Enhancing Service Delivery: Technology can significantly improve the quality of service by automating routine tasks, reducing errors, and providing real-time data for decision-making. For instance, AI-driven customer service platforms can offer personalised support, quickly resolve issues, and maintain high standards of service.
Consistency and Efficiency: Leveraging technology ensures that service delivery is consistent across different regions and teams. Automated systems can standardise processes, making it easier to maintain quality and efficiency. This consistency builds trust and reliability among clients, which is crucial for expanding your network.
Align Global Best Practices with Human Capital
Training and Development: Investing in training programmes to familiarise your workforce with global best practices is essential. This includes understanding and using systems like Coupa for procurement operations. Regular workshops and seminars can keep employees updated on the latest industry standards and practices.
Competitive Edge: A team proficient in global best practices can position your company ahead of competitors. This expertise not only improves operational efficiency but also enhances your company's reputation as a leader in the industry. Employees who are well-versed in these practices can drive innovation and continuous improvement.
Leverage Technology to Enhance Human Capital
Talent Management: Technology can support talent management by providing tools for recruitment, performance tracking, and employee development. Online platforms can facilitate remote training, allowing employees to upskill and reskill at their own pace. This flexibility is crucial for adapting to changing industry demands.
Employee Engagement: Using technology to enhance human capital also involves creating a supportive and engaging work environment. Tools like employee wellness platforms can monitor and improve mental and physical health, contributing to overall job satisfaction and productivity.
Combine Quality of Service with Human Capital
Culture of Excellence: Fostering a culture of excellence involves investing in your employees' growth and well-being. High-quality service is driven by skilled and motivated professionals, so it's important to prioritise their development. This includes offering competitive compensation, career advancement opportunities, and a supportive work environment.
Employee Empowerment: Empowering employees to take ownership of their work and contribute to service quality can lead to higher job satisfaction and better performance. Encouraging feedback and involving employees in decision-making processes can create a sense of belonging and commitment to the company's goals.
In summary
Collaboration is the cornerstone of business growth and expansion from local to global markets. By maintaining high-quality service, adopting global best practices, leveraging advanced technology, and investing in human capital, businesses can achieve sustainable growth both locally and globally. These strategies enhance capabilities, foster trust and reputation, and provide a competitive edge in the global marketplace.
By strategically integrating these elements, businesses can expand their network, reach new markets, streamline operations, and maintain industry leadership. Embracing collaboration initiatives will pave the way for companies to thrive in an increasingly interconnected world, achieving global reach, enhanced efficiency, competitive advantage, and sustained growth.
As published in Mindanao Times, dated 13 April 2025