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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.
Duterte urged to push infra dev’t, tax reforms, FDI
14 May 2016The incoming government of presumptive President-elect Rodrigo Duterte is urged to pin down infrastructure, comprehensive tax reform, and foreign direct investments to distribute economic activities into the regions rather than continue concentrating them in Metro Manila.
This was raised at the launch of “The Report: The Philippines 2016” by the Oxford Business Group, which was attended by business leaders including, Francisco C. Sebastian, vice-chairman of Metropolitan Bank & Trust Company; Lea Roque, partner and head for tax of Punongbayan & Araullo; Guillermo D. Luchangco, chairman and CEO of ICCP Group, Crisanto Frianeza, Secretary-General of Philippine Chamber of Commerce and Industry (PCCI); and OBG’s Managing Editor for Asia Paulius Kuncinas.
On infrastructure, Sebastian said there is no problem with financing some infrastructure projects because the government has raised enough resources.
He said the country’s debt to GDP ratio of 48 percent would be sufficient enough to undertake these infrastructure projects that have been cleared by the Aquino administration. He said the Philippines’ debt to GDP ratio is a lot better than China’s 280 percent.
“We are rich,” he said adding that President Aquino has left 31 percent in unspent money. “The problem is how to spend the money, we’ve got to spend, spend, because PPP (Public Private Partnership) model is more expensive. It is a matter of executing the project,” said Sebastian.
The same suggestion was pushed by Kuncinas, who stressed that big infrastructure projects in other countries are not financed by the private sector and if private funds are required they must be accompanied by sovereign guarantees.
Kuncinas has urged that government undertake on its own some of the huge infrastructure projects and at the same time extend sovereign guarantee to projects that are up for private sector financing to fasttrack the implementation of the various infrastructure projects that have been cleared by the Aquino administration.
“The sovereign has to step up and guarantee the private sector or we will waste some years because connectivity is stifling the economy, including tourism, manufacturing, power, logistics …” he pointed out.
“It is not nice to make jokes about the everyday traffic because it is a huge drain on our resources,” Kuncinas added.
On FDI, Sebastian said the new administration has to look at the FDI, which is the amount of money committed by foreign investors, because it will determine the future of the nation.
“To know the future of the country, look at the FDIs,” he pointed out. The country’s FDI’s have reached $6 billion annually in 2014 and 2015. Although the amount of FDI still lags behind other countries in ASEAN, including Vietnam with $15 billion, Sebastian noted that this has tripled since the start of the Aquino administration.
As published in Manila Bulletin dated 14 May 2016 by Berie Magkilat