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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.
3 P&A GRANT THORNTON SCHOLARS TOP CPA EXAMS
The COVID-19 pandemic stalled many of their plans, but it did not deter three of P&A Grant Thornton’s scholars from pursuing their dream of being Certified Public Accountants (CPAs).
Emmanuel Jerusalem of Bicol, Christian Dominic Amoncio of Davao, and Ron Niño Loon of Cebu even placed sixth, seventh, and ninth, respectively, in the CPA Licensure Examination held last May.
The newly minted CPAs joined P&A Grant Thornton -- one of the leading audit, tax, advisory, and outsourcing firms in the country -- as tax and audit associates across its different provincial offices. Amid an abundance of offers from other firms and private companies, they said they have chosen P&A mainly for the corporate culture and feedback from peers.
“I’ve seen this culture at work as early as my student days. University partnerships show P&A Grant Thornton cares about students and their future in the industry. Experience-wise, I know I’ll learn a lot from the firm,” said Niño, who aspires to build an emergency fund, travel to various places, and expand his mother’s house from his own earnings.
P&A Grant Thornton provided scholarship grants to the three as part od its continuing support for accounting and audit professionals. Under its "Go Beyond" campaign, P&A seeks to help open new avenues for the professional growth of its people -- now a thousand-strong with 24 partners across its nationwide network-- on top of its core audit and assurance, tax and compliance, advisory, outsourcing and managed services.
Behind their successful trek to the top 10 of the CPA board exams, all three had to contend with their own personal struggles that almost scuttled the pursuit of their dream.
Niño postponed full-time studying for the CPA exams to work online as a financial planning assistant. “When you think of financial difficulties and just the overall pressure to perform well, the pandemic really had a strong effect on mental health,” he said. He finished his accountancy degree (magna cum laude) from University of San Carlos. He was solely supported by his mother.
This was also true in the case of Jerusalem who had to earn his keep as an online tutor after his father stopped working as a vendor due to quarantine restrictions.
For Amoncio, mental exhaustion crept in after the exam got canceled twice (October 2020 and May 2021), and cancellation rumors started swirling again in late 2021 due to rising COVID cases. “Being self-motivated personally helped me get through the challenges of COVID and become more productive and effective in my review and work. This skill also plays a role in the increase in the exam passing rate,” said Amoncio, a summa cum laude from Ateneo de Davao University.
The national passing rate in the May 2022 exam is at 22.29 percent compared with October 2021's 15.28 percent.
In the age of automation
As auditors, “It’s crucial that we are able to adapt to new situations, like what recent lockdowns taught us,” Niño added.
It’s not just disruptions in health and mobility that the board topnotchers are anticipating in the field. They also recognize technological disruptions and potential threats that artificial intelligence and other forms of digitization pose to the profession.
For Jerusalem, a cum laude graduate of Bicol University in Daraga, Albay, the automation of mundane tasks and repetitive actions in accountancy is already well underway. Still, “accountants offer the ability to make informed decisions, which AI cannot,” he said.
Auditors remain relevant as one cannot fully automate problem solving and critical thinking, especially in how they lend credibility and integrity to the financial reports of companies and organizations, said Amoncio, highlighting the need for ethical professionals in the industry amid robotic and digital tools and processes.
In the coming years, P&A Grant Thornton expect client demand for digitalization to exponentially grow. This is where newly minted CPAs are seen to play a big role. “By going beyond number crunching, we add more value to our clients’ businesses and become a force for social good,” said Jess Obana, senior managing consultant of P&A Grant Thornton's advisory services division.
As published in Philippine Daily Inquirer, dated 04 July 2022