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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
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.
Tax Notes: Advisory for drinking-water service providers
16 Aug 2017RECOGNIZING the role that clean drinking water plays in individual health and a country’s overall economic wealth, the World Health Organization (WHO) introduced the concept of the water safety plan (WSP) in the Philippines in 2006. The WSP, according to WHO, is the most effective means of maintaining a safe supply of drinking water for the citizenry. The plan analyzes the risks of contamination, from the water source to the consumer.
A key milestone of the project was the Department of Health’s (DOH) administrative order requiring all drinking-water service providers to develop and implement water safety plans, issued in 2014. This was supplemented by Administrative Order (AO) 2017-006 last April 20, which set the guidelines for the review and approval of WSP, specifically, the creation of review committees at the National, Regional, and Local levels, as well as the authorization of DOH Regional Offices and Deputized Agencies to fast track the approval of WSP at all the levels.
As one of the deputized agencies tasked to review the WSPs of the drinking water service providers in the economic zones in its jurisdiction, the Philippine Economic Zone Authority (Peza) issued Memorandum Circular 2017-018 to ensure compliance of ecozone location enterprises and developers.
The circular reiterated the review process which, as prescribed by the AO, shall cover the following:
Stage 1: Submission of WSP
a. All applications for WSP Review shall be submitted to appropriate DOH authorized office or deputized agency. (Economic zone developers and enterprises will submit the WSP to Peza for assessment.)
b. There shall be a review fee per application by such amount as existing law prescribed or in accordance with their respective guidelines.
Stage 2: Screening of WSP application
a. The Secretariat shall review the contents of the submitted WSP using a DOH prescribed form.
b. Incomplete WSP shall be returned to the applicant.
c. Only complete WSP shall be forwarded to the WSP Review committee.
Stage 3: Evaluation of the Draft WSP
a. The WSP Review Committee shall conduct the review at a maximum of 30 calendar days from the day the application is filed.
b. The draft WSP shall be evaluated according to its acceptability and the overall passing rate for WSP Acceptance is 60 percent, with no individual score below 60 percent in any WSP Sections/Steps.
Stage 4: Approval of the Draft WSP
a. The head of the deputized agency shall endorse the result of the review to DOH or DOH authorized office for approval.
b. A Certificate of WSP Acceptance issued by DOH Secretary or its Authorized Representative for any approved WSP shall be valid for three years from the day of issuance.
c. The drinking-water service provider shall apply for renewal of certificate of acceptance and shall pay corresponding fees covering three ears in DOH authorized offices or deputized agencies.
d. Application for renewal shall be filed three months before the expiration date.
The deadline for developing water safety plans by drinking-water service providers was extended by a year from its original cutoff of Aug. 4, 2017 in a subsequent amendment to Administrative Order 2014 -0027 dated July 26, 2017. Failure to renew a Certificate of WSP Acceptance shall be considered a violation of such rules and regulations and may be punished by imprisonment for six months or a fine not exceeding P1,000 or both depending upon discretion of the court.
Source: P&A Grant Thornton
As published in Sunstar Cebu dated 16 August 2017.