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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
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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Sustainability
At P&A Grant Thornton sustainability is at the core of our mission. We are committed to fostering a healthier planet through innovative practices that reduce our environmental footprint, promote social responsibility, and ensure economic viability for future generations.
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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
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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
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In the community
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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
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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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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 THEATER, well-wishers usually say “break a leg” to actors before they perform on stage. The saying is an idiom that means “good luck.” Much to my dismay, it was not really good luck when I broke my leg eight months ago. As a result of the fracture, I spent a great deal amount of time on crutches, in a wheelchair, and in a cast. I am currently on an air cast, but I am already able to put partial weight on my leg. Through this painful experience and, as I am continuously adjusting to this reality, I have learned (and relearned) some of life’s most profound lessons the hard way:
“There is nothing certain but the uncertain” is a traditional proverb. Life is unpredictable and, in a split second, everything can change. What was supposed to be a lovely Sunday lunch with the family quickly turned into a tragic misfortune (i.e., a fall leading to a broken leg).
Key takeaways: Uncertainties can push us outside of our “comfort zones” and prevent us from doing our “usual,” but sometimes this is where we grow. Life is indeed uncertain and, as cliché as it may sound, we have to love hard and live life to the fullest, because you never know what tomorrow will bring.
“Life goes on.” When I first learned of my fracture, I was really devastated. The surgeon told me that my leg will have to be immobilized under a long leg cast for the first two months and will undergo a series of cast changes after several months depending on the healing process. I was then bombarded with thoughts that created stress, anxiety, fear, and nervousness. Can I do this? How will I survive with this injury? Will I be able to walk normally and wear stilettos again? The thought of the loss of mobility and independence was very difficult. As helpless as I saw myself at that time, I had deadlines, bills to pay, dreams to pursue, and a life to live. I finally came to a resolution that, though I am in a painful circumstance that forces me to slow down literally and figuratively, I must find ways to bear and overcome the situation. The healing journey may be a slow process, but quitting on it will not speed things up. Admittedly, looking at the bright side of things is still a work in progress, but I have already accepted this fate and that is a start.
Key takeaways: All of us go through rough times, petty or significant. The most important thing is that we are able to embrace acceptance and bounce back. Acceptance does not mean resignation and stagnation. It means that something is what it is and that there will be a way through it. You just have to have the courage to bear it. Even though you are facing challenges or difficulties, one should never feel hopeless, because every cloud has a silver lining.
“One today is worth two tomorrows”. There are times when I don’t follow the normal regimen of those with a fractured leg. I am required to undergo physical therapy (PT) sessions to regain use of my fractured leg, as this helps expedite the recovery process. The PT sessions help strengthen my leg bones and muscles and improve balance, leading to a restoration of standing, walking, and running in a period of time. While I know that the consistent attendance to these sessions is paramount to my full recovery, I have missed some appointments. As a result, I may not be progressing as well as expected. I am reminded again that if I had just done what I needed to get done today, I wouldn’t have to spend or exert effort twice as much later. Now I make it a routine to exercise on my own to compensate for the skipped therapy sessions. It really takes discipline, but it’s the way to get better.
Key takeaways. Set your priorities and line up activities that are focused on accomplishing them. Be persistent and consistent.
“We can be vulnerable.” Performing everyday tasks take longer and are more complex to perform, plus I need extra help from other people to carry out these tasks. Despite the everyday struggles, I still consider myself lucky. It could have been worse, and there are others who suffer more than I do. There are moments when no matter how I force positivity and no matter how much I have progressed since that fatal day, I find it difficult not only on my body but both on my will and spirit. Hence, I eventually break down. I think it’s “okay not to feel okay” sometimes. The important thing is to have an outlet for these negative thoughts and emotions. Cry, scream, and lock yourself out when you need to but, afterwards, pick yourself up and start all over.
Key takeaways. It is important to seek support from family and friends. Don’t be afraid to ask for help. I have received plenty of help and encouragement from my loved ones, and these made my struggles more bearable.
“Learn to appreciate even the little things.” Prior to my injury, tasks and activities such as walking, running, driving, and taking a shower were things I considered normal and, thus, easily took for granted. After the injury, I’ve realized what a gift they were! Many of us, in one way or the other, are guilty of being unappreciative of what we have. We let the good times pass us by with no sense of appreciation. We take things for granted, and we reflect only on how good they were when times are tough or when we no longer have them.
Key takeaways. Appreciate the things you can do, the things that you have, and the people around you. Make sure you practice gratitude, especially to your loved ones and be vocal about it.
With my injury, “break a leg” means something more than the idiomatic meaning. For me, it means whenever you fall, there is no other way but to rise up again but, with rising up, to have patience and perseverance.
Ms. Punay is a senior audit manager of Audit & Assurance of P&A Grant Thornton, a leading audit, tax, advisory, and outsourcing firm in the Philippines, with 21 Partners and over 850 staff members. It has offices in Makati, Cavite, Cebu and Davao. For comments on this article, please email meg. punay@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. Its website is grantthornton.com.ph. Its social media accounts are; Twitter: pagrantthornton, and FB: P&A Grant Thornton.
As published in the Mindanao Times, dated January 31, 2018