- 
                            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.
- 
                            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).
- 
                            Financial statements compilation
                            We help in the preparation of financial statements of clients in accordance with Philippine Standard on Related Services (PSRS) 4410.
- 
                            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.
- 
                            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.
- 
                            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.
- 
                            Tax advisory
                            With our knowledge of tax laws and regulations, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
- 
                            Tax compliance
                            We aim to minimise the impact of taxation, enabling you to maximise your potential savings and to expand your business.
- 
                            Transfer pricing
                            We provide comprehensive Transfer Pricing (TP) solutions suited to the needs of the client.
- 
                            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.
- 
                            Tax education and advocacy
                            We offer seminars and trainings on tax-related developments and special issues of interest to taxpayers.
- 
                            Business risk services
                            We cover a wide range of solutions that help you identify, address, and monitor the risks of your business.
- 
                            Business consulting services
                            We help organisations improve their operational performance, efficiency, sustainability, and effectiveness in today’s dynamic business landscape.
- 
                            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.
- 
                            Forensic advisory
                            We provide support to organisations on dispute resolution, fraud prevention and detection, insurance claims, and other situations requiring detailed investigations.
- 
                            ProActive Hotline
                            We empower organisations to uphold integrity through safe and anonymous reporting.
- 
                            Sustainability
                            We promote responsible and innovative practices that reduce our environmental footprint, promote social responsibility, and ensure long-term economic viability
- 
                            P&A Academy
                            P&A Grant Thornton's unwavering commitment to relevance extends to its learning arm - P&A Academy.
- 
                            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.
- 
                            Payroll Services
                            We streamline payroll operations with secure, technology-driven solutions that enhance accuracy, ensure compliance, and free organisations to focus on strategic priorities.
- 
                            Human Capital Outsourcing Services
                            We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
- 
                            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.
- 
                            Global culture
                            Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
- 
                            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
- 
                            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.
- 
                            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.
- 
                            In the community
                            Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
- 
                            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.
- 
                            Fresh Graduates
                            Fresh Graduates
- 
                            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.
- 
                            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.
CORRUPTION, sadly, has become endemic in the Philippines. It is a big obstacle to economic growth and reduction of economic inequality. The huge amount of money that leaks out is not spent for the general welfare of the nation, but instead it goes to and enriches just a few.
And this few show their ill-gotten wealth blatantly without shame and without condemnation by their friends and the general public.
Corruption is widespread and deep. It continues to persist without restraint. I daresay that the three branches of government - the executive, legislative and judiciary are generally corrupt. And so are the local government units (LGUs). Most Filipinos have become so numbed by its prevalence that corruption no longer comes to the consciousness as terribly wrong. And worse, they feel it can no longer be fixed.
Among a few, corruption is a manifestation of absence of morality. If we breed enough morality through religion and education, then corruption, or much of it, will disappear. It is well meant. It is an expression of a feeling of hope.
We need to confront corruption frontally. And to fix corruption, much of the fixing should be done inside government. It cannot be done outside of it. The government must create an environment that inflicts pain on the offender and creates an effective and continuous vigilance to prevent, detect and punish corruption. And, consequently, in the course of time, creates a culture that treats corruption as shameful and therefore must be condemned.
First line of action
Containing corruption cannot be done if the government leaders themselves are corrupt. That level of responsibility must then be the target of the first line of action.
If I were the next president, I will devote a significant part of my time to reduce corruption in the executive branch and influence the legislative and judicial branches of government to do the same.
I will make it clear and declare publicly that we will avoid and prevent corruption at the presidential, vice presidential and executive department levels. I will constantly express that policy among the department secretaries and exhort them to be incorruptible. Those who cannot avoid the temptation will have to go.
Similarly, I will make it the responsibility of each department secretary to determine the corruption that is taking place in their respective departments. For this purpose, we will require the department secretaries to form an independent select group in their respective department to detect corruption in their departments, bearing in mind that large-scale corruption can only be done through collusion. Similarly, a select group will also be organized at the Office of the President.
For any corruption offenses, the select group will initiate the process of suspension from service and prosecution of the offenders in consultation and coordination with the appropriate government agencies.
In addition to this measure, we will require all executive departments to post publicly, in their websites, the significant details of all large contracts, as will be defined, and those of similarly significant regulatory decisions.
Through the Department the of Interior and Local Government (DILG), a similar directive will be issued to the LGUs.
Regarding the LGUs, the Department of Budget will post publicly the annual National Tax Allotment (NTA) - formerly known as Internal Revenue Allotments (IRA) - of each and every LGU. Moreover, the DILG will issue a directive to all LGUs to post annually in the appropriate government websites their revenues, showing separately their NTA and local revenue, and expenditures, together with a list in the appropriate form of all their infrastructure expenditures.
The public posting of the foregoing information is for the purpose of inhibiting corruption by encouraging concerned sectors of society and the citizens at large to use such information to make evaluations of the reasonableness of government expenditures and commenting publicly and reporting to the authorities any out-of-line and unnecessary expenditures.
At the Office of the President (OP), I will organize a Compliance Unit that will have three responsibilities. First, to provide a horizontal link to the independent select groups in the executive departments and OP to provide technical assistance to the select groups. Initially, it will develop a methodology to guide the select groups in carrying out their responsibilities. Thereafter, it will provide technical guidance and advice to the select groups in carrying out their tasks. However, the department select groups will remain accountable to the department secretaries and OP.
Second, to establish a system that will provide information publicly about standard prices and required quality of government purchases and standard price per unit of measure and required quality of government infrastructure constructions. This information will be posted in an appropriate website for the same purpose as mentioned earlier.
Review of contracts
The third responsibility of the Compliance Unit is to make a compliance review of the completed outputs of significant national and local government contracts to determine whether the completed projects are in fact done in accordance with the terms of the covering contracts. The Compliance Unit will do the same compliance review of significant regulatory decisions.
The third responsibility will extend to determining compliance at regular intervals, with laws and regulations regarding forestry, mining, surface water and air pollution, cleanliness in cities and towns and similar activities of great national concern.
The work of this unit will not duplicate any compliance work by any executive department and LGU. If such work has recently been done internally, the unit will review its results but with the authority to carry out supplemental work if it finds the previous compliance work to be deficient.
Similarly, the Compliance Unit will coordinate with the Commission on Audit for any potential overlap in any compliance undertaking.
As conceived, the Presidential Compliance Unit is not expected to be large in size. It will provide management of compliance work within the scope that has been established and will have a competent leader and a core group. Those compliance work that will require a group of personnel to execute or deploy necessary equipment will be contracted out. For example, when testing compliance with the contractual terms for the engineering and construction specifications of a completed road system, the Compliance Unit will contract the compliance work to a quality compliance expert. When verifying illegal logging, it will lease the use of a drone or similar vehicle for that purpose.
As a new government agency, the presidential Compliance Unit will evolve as it gains experience in carrying out its mandate. But its purpose will remain the same: to reduce corruption substantially and ensure due compliance by those responsible for implementing laws and regulations of great national importance.
Privatizing some govt tasks
The other significant innovation that we will introduce is to consider privatizing, in whole or in part, national government work that is easily susceptible to corruption. For example, the examination of tax returns, together with the related examination of the taxpayer's books, by the Bureau of Internal Revenue can be privatized. And so, with the preparation of assessments for customs duties and value added tax on imported goods and the related physical examination of those goods being done by the Bureau of Customs. There are many such government work that can be privatized and which we will identify and evaluate for privatization.
When privatizing any government work, conflict of interest will be avoided, and the private entity will be required to carry adequate amount of professional liability insurance to compensate the government in case of insufficient fulfillment or non-fulfillment of contract terms.
Privatization will lead to reducing corruption. And, at the same time, reduce the size of government and stimulate private business activities.
There is another necessary but admittedly difficult action that certainly will reduce corruption. This additional measure involves amending the bank deposit secrecy laws to allow government prosecutors, with proper safeguards, to access the bank records of the accused corruption offenders. That amendment by itself will provide effective deterrence against corruption. It will, of course, help in the event of prosecution.
Seriously engaging to substantially reduce corruption is going to be a very difficult task. To be successful, it needs the involvement of our citizens to detect and report unreasonable government practices. It is for this reason that we are posting publicly all the relevant information about significant government transactions.
Moreover, the innovations discussed above will certainly meet opposition, including possible objections from the legislators if implementation of the new measures will require passing an enabling law. In dealing with objections, I am prepared to engage in persuasion and tough negotiation to achieve the desired objectives. If these actions fail, I will do whatever is necessary within the powers of the presidency, of which I will provide more comments in a subsequent part of this commentary series.
But I hope that all concerned parties can work out any differences for the good of our country. I will always be motivated to reach out for a collaborative and mutually satisfactory solution.
As published in The Manila Times and Mindanao Times, dated 11 August and 05 September 2021
 
                     
                             
             
            