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We deliver value-added audit and assurance services to our clients, helping them manage their fiscal responsibilities with prudence and foresight.
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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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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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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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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.
We help you identify the opportunities and pitfalls that can significantly affect your...
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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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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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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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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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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 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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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.
We provide solid, first-rate support for your key accounting and administrative activities, such as outsourced accounting, payroll, and accounting-related...
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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
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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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Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To truly go...
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P&A Grant Thornton News
Business optimism slips in Philippines though 2nd strongest among 36 marts
03 Jan 2017BUSINESS OPTIMISM in the Philippines fell in 2016’s final three months, continuing a decline seen in the third quarter, but it was still among the strongest in a list of 36 economies, according to results of a global survey that were e-mailed to journalists yesterday.
Grant Thornton’s International Business Report (IBR) showed overall business optimism in the Philippines sliding four points to a net 80% in the last three months of 2016 from the third quarter’s 84%.
The report -- based on interviews with 2,500 chief executive officers, managing directors, chairmen or other senior executives across industries -- showed the Philippines was bested last quarter only by India and Indonesia which both registered 88%, though down from third-quarter readings of 93% and 98%, respectively.
China got 46%, a 16-point leap from 30% in the third quarter, Japan worsened to -45% from -37%, Malaysia fell 24 points to -36% from -12%, Singapore was flat at -28%, Thailand’s reading eased two points to 16% from 18%, while that of the United States improved to 58% from 43%.
The Philippines’ 80% last quarter also compared with 39% (10 points less than the third quarter’s 49%) among members of the Association of Southeast Asian Nations (ASEAN), Asia and the Pacific’s 30% (three points up from 27%), “emerging” Asia Pacific’s 53% (11 points up from the preceding quarter’s 42%) and a global 38% (five points up from July-September’s 33%).
The survey asked top executives on their expectations for improvement in revenues, exports, employment, profitability, research and development (R&D) investment, as well as prospects for economic uncertainty. The Philippines fared as follows:
- Expectation of improved revenues slipped two points to 58% from the third quarter’s 60%, against ASEAN’s 44% (from 46%), Asia Pacific’s 47% (from 42%), “emerging” Asia Pacific’s 51% (from 41%) and a global 50% (from 45%)
- Expectation of better exports improved six points to 30% from 24%, against ASEAN’s 14% (from 13%), Asia Pacific’s 12% (from 15%), “emerging” Asia Pacific’s 14% (from 13%) and a flat global 16%.
- Expectation to hire new workers slid 10 points to 54% from 64%, against ASEAN’s 20% (from 22%), Asia Pacific’s 29% (from 28%), “emerging” Asia Pacific’s 28% (from 26%) and a global 29% (from 28%).
- Prospects for better profitability showed the biggest improvement -- 14 points -- to 72% from 58%, in comparison to ASEAN’s 40% (from 38%), Asia Pacific’s 34% (from 29%), “emerging” Asia Pacific’s 39% (from 33%) and a global 41% (from 37%).
- Plans to increase R&D investment dropped 10 points to 46% from 56%, against ASEAN’s 28% (from 22%), Asia Pacific’s 31% (from 32%), “emerging” Asia Pacific’s 31% (from 37%) and a flat global 24%.
- Finally, expectation of economic uncertainty increased two points to 40% from 38%, against ASEAN’s 48% (from 52%), Asia Pacific’s 45% (from 50%), “emerging” Asia Pacific’s 43% (from 44%) and a global 38% (from 42%).
“There is a striking split... between business leaders in emerging and developed Asia-Pacific countries,” P&A Grant Thornton Chairperson and Chief Executive Officer Marivic C. Españo said in a statement.
“Part of the reason for this could be the likely scrapping of the Trans-Pacific Partnership, out of which developed economies -- like those of Australia and New Zealand -- stood to gain the most,” she added, noting that “China is looking to implement its own regional economic partnership, which could fill some of that gap.”
“The high levels of optimism in emerging economies reflect what can happen when closer economic ties are in place, with the ASEAN Economic Community agreed in 2015,” she noted.
“Globally, the increase in optimism reflects a view among the business community that uncertainty over the outcome of major events like the EU referendum [in the United Kingdom] and the US presidential election is now behind them.” - RSCC
As published in Business World, dated 3 January 2017
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