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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
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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
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Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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Fresh Graduates
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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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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.
PH remains third highest in women leadership roles
03 Mar 2022
Marivic Españo, chairman and CEO of P&A Grant Thornton
The Philippines has retained its ranking as third in the list of countries which recorded the highest number of women leaders in mid-size firms, according to Grant Thornton International Ltd.’s Women in Business research.
The research, which surveys senior leaders from 5,000 businesses across 29 economies, showed that although the number of female leaders in senior management roles in the Philippines dipped from 48 percent in 2021 to 39 percent in 2022, the country still ranked third in the list of countries which recorded the highest number of women leaders in mid-size firms. This year’s figure also remains in line with the average percentage of women in leadership roles across the ASEAN region.
The research also showed that more than 70 percent of businesses in 29 economies are now working to create a more inclusive environment to attract and retain female talent.
In the early days of the pandemic, few could have predicted the lasting effect Covid-19 would have on established ways of working.
Now, with much of the world stabilizing, and recognition from businesses that change was needed, the march toward more inclusive working practices to attract and retain a more diverse talent pool continues unabated. With nearly two thirds (57%) of mid-market leaders expecting a skill shortage to be a major constraint to their businesses in the year ahead, Grant Thornton’s research showed that in response, 95 percent of mid-market business leaders are now taking action to foster staff engagement and create an inclusive culture.
Marivic Españo, chairman and CEO of P&A Grant Thornton said “The road to overall business recovery against the background of disruptions in the new normal is still a challenging one. Mid-size firms are confronted with major issues like winning the war for talent and accelerating their digital transformation initiatives. Despite these challenges, we see a lot of potential for companies committed to levelling the playing field and promoting gender parity in the workplace. Embracing a forward-looking mindset with a vision to mitigating gender bias will allow firms to deliver improved company performance, and ultimately, lead to greater productivity.”
In the Philippines, 39 percent strongly agreed that indeed, new work practices have benefitted women during the pandemic. In the long term, majority or 56 percent of respondents from the country expressed optimism that these corporate practices will continue to boost and advance women’s career trajectories.
Compared with data showing glacial progress in the increase of the number of women in senior management positions, respondents from the Philippines still cited that their companies are employing new ways of working to create a more inclusive environment for female talent.
“Progress, no matter how gradual, is still progress. The key insight that our Women in Business report aims to impart is that more businesses are at the fore of understanding the advantages to operations of employing more female talent and of allowing more women to step up and handle the corporate reins alongside male leaders. We are seeing new influences and structured approach in terms of gender parity and inclusivity. To sustain this momentum, more firms should lead in promoting gender equality,” Espano said.
In 2021, Grant Thornton research revealed that the proportion of women in senior management roles had passed the important 30 percent tipping threshold for the first time. All global regions have now passed the crucial 30 percent milestone, including APAC, which was the only region not to hit this figure in 2021.
The proportion of businesses with at least one woman in senior management remains static at 90 percent.
As published in Manila Bulletin, dated 03 March 2022