-
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.
Economic optimism for next 12 months declines–IBR
04 Jan 2017Businesses have better expectations in the Philippines in terms of profitability and exports in the next 12 months, but overall optimism in the economy has declined.
According to the P&A Grant Thornton International Business Report (IBR) in the fourth quarter of 2016 released on Tuesday, the Philippines’s IBR showed that business outlook for the next 12 months became less optimistic in the fourth quarter of 2016 at 80 percent, which declined from 84 percent in the third quarter and 94 percent in the second quarter, but higher than the first quarter’s 56 percent.
Economic uncertainty in the country also increased to 40 percent in the last quarter’s report, from 38 percent and 24 percent in the third and second quarters, respectively. Economic uncertainty was at its peak this year in the first quarter, at 46 percent.
Expectations on employment and research and development for the next 12 months both dropped by 10 percentage points quarter-on-quarter basis.
Employment outlook fell to 54 percent in the fourth quarter, from 64 percent in its previous quarter, while prospects for research and development weakened to 46 percent, from 56 percent.
Businessmen’s expectations on their revenues, likewise, declined to 58 percent in the last quarter of 2016, from 84 percent in the third quarter, but profitability outlook recovered from 58 percent in the third quarter report to 72 percent in the fourth quarter.
Outlook on exports further improved in the last quarter of 2016 to 30 percent.
At the start of 2016, prospect on exports was only at 18 percent. It went up to 20 percent in the second quarter and increased to 24 percent in the third quarter.
Meanwhile, the IBR showed that business optimism globally increased by five percentage points to net 38 percent.
“Globally, the increase in optimism reflects a view among the business community that uncertainty over the outcome of major events, like the EU referendum and the US presidential election, is now behind them,” P&A Grant Thornton Chairman and CEO Marivic Españo said.
“Knowing the results will allow businesses to have a clearer steer on key issues such as taxes, jobs and trade policy,” she added.
But in Asia-Pacific economies, a split in optimism for the next 12 months was recorded as developed economies registered a decline of eight percentage points in the last quarter of 2016 at net -16 percent, while emerging economies have increased optimism by 11 percentage points to 53 percent.
“There is a striking split in the direction of travel between business leaders in emerging and developed Asia-Pacific countries. 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,” Españo noted.
“However, 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,” the executive explained.
The IBR is a quarterly global survey of 2,600 businesses across 37 economies.
As published in Business Mirror, dated 4 January 2017