-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
Business optimism in PH falls in Q1
14 Apr 2016image: http://www.mb.com.ph/wp-content/uploads/2013/10/bldgcensus.jpg
Makati Central Business District
Business optimism in the Philippines fell 28 percentage points in the first quarter this year as global business confidence plunged to its lowest in three years, an international survey showed.
Grant Thornton’s International Business Report (IBR), a quarterly global business survey measures business confidence of 2,500 businesses in 36 economies, showed that optimism in the Philippines plunged 28 notches to 56 percent from 84 percent in the fourth quarter of 2015.
Globally, business optimism also dropped to its lowest level in three years from 36 percent to 26 percent, the lowest quarterly figure since Q4 2012. The trend is evident across the globe, including the G7 (down 7 pp in Q1), EU (down 4 pp), North America (down 6 pp) and Asia Pacific (down 10 pp).
The IBR survey also finds Asia Pacific business optimism falling from 31% in Q4 2015 to 21% in Q1 2016.
Business confidence in North America also declined to 40 percent from 46 percent the previous quarter as optimism in the US dropped to 46 from 50 while developed APAC economies plunged to -15 from +4 percent.
China dropped 9 points, from 36% to 27% and the same is true in Malaysia (-14% to -24%). In ASEAN, optimism also fell from 30 percent to 26 percent.
However, optimism has increased among businesses in Thailand (4% to 12%) and Indonesia (56% to 57%).
Among the 16 major industries surveyed, only four posted positive confidence rating. These are mining and quarrying, oil and gas and water supply, healthcare and transport.
Education and social services posted the biggest decline from 49 to 5 percent only. Industries with the lowest scores include manufacturing, agriculture, professional services, consumer products, and travel and tourism.
The research also finds that a potent combination of fragile financial markets, volatility in oil prices, concerns over terrorist attacks and political uncertainty including the prospect of the UK leaving the EU and the US Presidential race has led to the majority of regions globally reporting a fall in their economic outlook.
However, expectations for revenue, exports and R&D investment in the Philippines have improved despite decrease in most regions.
The survey, however, also showed that across other measures including revenue and exports, Asia Pacific businesses are bucking the trend and reporting increased expectations for the next few months.
image: http://www.mb.com.ph/wp-content/uploads/2016/04/Marivic-Espano-300x292.jpg
Marivic Espano, Chairperson and CEO of P&A Grant Thornton
Marivic Españo, Chairperson and CEO of P&A Grant Thornton, said:
“The message from business across Asia Pacific is that their outlook for the economy has weakened in the last three months. A range of external factors will have played their role, not least the volatility we saw in financial markets in the first quarter which will have knocked sentiment.
However, Espano also stressed that when businesses look internally at their own operations, the outlook is much brighter.
“Despite the wider uncertainty, many surveyed firms in the Philippines are confident about their prospects for revenue and employment plans. Much of the sentiment across the region is linked to activity in China and while growth there is still expected to cool, there is a broad feeling that the pace and the extent of the Chinese economic slowdown has not been as bad as feared,” she said.
Aside from optimism, expectations around other business measures in Asia Pacific actually provide some welcome relief against a gloomy global backdrop.
The proportion of firms expecting an increase in revenue over the next twelve months has gone up slightly to 37%: the only region to report an increase. The same is true of employment; while every other region has reported a fall in Q1, the proportion of businesses in Asia Pacific planning to hire more people went up from 23% to 27%.
“G20 finance ministers meeting this week will be extra cautious when considering measures to jumpstart the economy, given the whirlwind conditions dragging down business and market sentiment,” she added.
However, she said, there is a risk we could talk ourselves into a global downturn when in fact, moments like this present longer-term opportunities. The most dynamic and successful firms don’t let the noise from external factors out of their control distract them from looking at their own operations, and they continue to invest in the pursuit of growth years down the line.
“Without investment now, businesses will find themselves behind the curve when conditions overhead improve,” she said.
As published in Manila Bulletin dated 14 April 2016 by Bernie Magkilat