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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.
Mid of this year, I attended a luncheon meeting in one of the local chambers in Mindanao. There was a collaborative question and answer portion of the session, and one of the participants raised a relevant sharing on what he believed to be the sixth power of mankind: artificial intelligence or AI.
AI, as defined by Merriam-Webster, is the capability of a machine to imitate intelligent human behavior. Further, as mentioned in Forbes’ article entitled The Key Definitions of Artificial Intelligence (AI) That Explain Its Importance, bulk of today’s AI development by industry leaders uses human reasoning as a guide to provide better services or create better products rather trying to achieve a perfect replica of the human mind.
We are currently at an age where most technologies are reliant on AI. Chatbots, voice assistants, face recognition, and even social media platforms are just some of the technologies that heavily rely on AI and have undeniably made our lives easier and convenient. These also have contributed to the improvement in efficiency and productivity in business.
One popular AI-related topic today is ChatGPT. Part of a larger family of models known as GPT (Generative Pre-trained Transformer) models, ChatGPT is an AI chatbot trained to process massive amounts of online data to be able to generate human-like responses to text prompts or questions. To put it simply, ChatGPT provides a comprehensive write-up in just a matter of seconds. It can be your writing assistant, brainstorm buddy, or even a career adviser. This tool may be beneficial in future development in technology but in business, particularly in client-servicing industries, there may be significant risks involved if not properly used and formalized, including breach of confidentiality of data and cybersecurity compliance issues.
There has been a recent AI adoption in the Philippines, which was the first AI sportscasters introduced by GMA Network. This adoption sparked debates online as to whether these are beneficial advancement in the media industry or the start of replacement of traditional journalists. This is not a new concern, though, as there are already restaurants using artificially intelligent robots as servers, which minimize the use of human labor. These situations boil down to the concern of job security.
According to Pew Research’s 2014 Future of the Internet survey, robots and AI will permeate wide segments of daily life by 2025 with huge implications for a range of industries such as health care, transport and logistics, customer service, and home maintenance. Based on the survey, about half (48%) of the experts envision a future wherein robots and digital agents will displace a significant number of blue- and white-collar jobs. Many expressed their concern about increasing income inequality, creating a mass of unemployed people, and breaking down the social order. The other half (52%) expect that robotics and AI will create more jobs than they take, having the faith in human ingenuity to create new jobs, industries, and ways to make a living, just as it has been doing since the dawn of the Industrial Revolution.
Whilst it may be possible that AI has the power to takeover human workforce and other aspects of human life, this should not be construed as a competition but rather use AI to augment human intelligence. AI may imitate human actions and do repetitive tasks perfectly, but humans can think rationally and critically, which makes it more dominant over AI. This kind of thinking is the power that we can make good use of in developing AI and complement it with human intelligence to make advancements and a better future for our world.
As published in Mindanao Times, dated 22 October 2023