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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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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.
Check in on yourself
26 Jun 2020There are days, months, or years when it seems things are not going our way. The past two weeks have not been the easiest for me. However, in writing this article today with much more perspective, I have realized that the last couple of weeks were not particularly difficult either. It was all in my head.
When I feel that I have sunk into the bottomless rabbit hole that is my mind, I find it helpful to pause, breathe, and ask myself a few questions.
The first thing I ask is, “Where are you?” This question may come across as silly, but it is the easiest way to reground myself and be present. In answering this question, I take time to look around and notice details I usually do not pay much attention to. I breathe and take a mental inventory of my blessings. Sometimes, I get too fixated and stuck in my head that I forget that there is so much beauty around me to appreciate. I realize that when thoughts of gratitude shift to expectations, that is where most displeasure comes from.
The next question I ask is, “Do you have to do this?” Because, no, I do not have to do anything, I get to do what I want to do. This lesson is one of the most liberating realizations I have come to. I do not have to wake up early; I wake up early in the morning, so I can do more of the things I want to do and enjoy some quiet me-time instead of rushing to work or rushing my work towards the end of the day. I do not have to work, I have the opportunity to work and learn as much as I allow myself to learn. I choose to work on the things I want to do or at least work towards my goals and dreams. We are lucky to have choices, to have aspirations, and to make those aspirations a reality. We do not have to do anything in life, we get to do everything in life. We get to experience life.
Another question I ask myself is, “Do you really need more in your life?” Instead of asking what can I add to my world, I ask, “What can I remove from my world to make my life better?” It is like spring cleaning my life and removing things that, as the Japanese professional organizer Marie Kondo would say, no longer spark joy. I start by writing down thoughts or ideas I can let go to focus on what is more important. If you think about it, you do not need much to stay happy, to sustain, to live, and to just be.
Lastly, when I am very stressed, I ask, “Will any of this matter when I am in my 80s?” The answer to most of my worries is “No.” I try to remind myself that, if I am not going to worry about it in the future, why worry about it now? Instead of worrying about a dilemma, I think of ways to move around or beyond a problem gracefully.
I cannot control what life throws at me, but I can control how I react to life’s occurrences. With this crucial takeaway in mind, I am learning to step back and look at situations a bit differently. It is one of the most uncomplicated and potent ways to recalibrate and refocus on the road ahead.
How about you? What question will you ask yourself today?
Kristel Hope Avenido is an associate of the Tax Compliance and Advisory of P&A Grant Thornton in Cebu. P&A Grant Thornton is one of the leading audit, tax, advisory, and outsourcing firms in the Philippines, with 23 partners and more than 900 staff members. We’d like to hear from you! Tweet us: @GrantThorntonPH, like us on Facebook: P&A Grant Thornton, and email your comments to kristel.avenido@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our website: www.grantthornton.com.ph
As published in Mindanao Times, dated 26 June 2020