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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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Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
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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.
Deadline for the Filing of Tax Returns, Payment of the Corresponding Taxes, and Submission of Required Documents falling on October 25, 2024 extended until October 31, 2024 for Taxpayers Affected by Typhoon “Kristine”
(Revenue Memorandum Circular No.119-2024, dated October 25, 2024)
This Tax Alert is issued to inform all concerned parties about the extension of deadline for the filing of tax returns, payment of taxes due, and submission of required documents originally due on October 25, 2024, to October 31, 2024.
Due to the bad weather condition caused by Typhoon “Kristne”, the Office of the Executive Secretary of Malacañang announced suspension of government work in Luzon on October 23, 24, and 25, 2024. Thus, to provide sufficient time for taxpayers and Bureau of Internal Revenue (BIR) personnel in the below affected Revenue District Offices (RDOs), including affected Authorized Agent Banks (AABs), the statutory tax deadlines for the submission and/or filing of the following documents and/or returns, and the payment of the corresponding taxes was extended to October 31, 2024.
A. Covered BIR Forms/Returns, Reports
| BIR Forms/Returns | Description | Period |
| 1. BIR Form 2550Q (Quarterly Value-Added Tax Return) | eFiling/Filing and ePayment/ Payment by eFPS and Non-eFPS Filers | For the Quarter Ending September 30, 2024 |
| 2. BIR Form 2551Q (Quarterly Percentage Tax Return) | eFiling/Filing and ePayment/ Payment by eFPS and Non-eFPS Filers | For the Quarter Ending September 30, 2024 |
| 3. SLS/SLP/SLI | Submission of Quarterly Summary List of Sales/ Purchases/ Importations by a VAT taxpayer-Non-eFPS Filers | For the Quarter Ending September 30, 2024 |
| 4. Sworn Statement | Submission of Sworn Statement of Manufacturer's or Importer's Volume of Sales of each particular Brand of Alcohol Products, Tobacco Products, and Sweetened Beverage Products | For the Quarter Ending September 30, 2024 |
B. Covered RDOs/LTs
| Geographical Location | Revenue District Office |
| Region I Ilocos Norte Ilocos Sur La Union Pangasinan |
RDO No. 1 - Laoag, Ilocos Norte RDO No. 2 - Vigan City, Ilocos Sur RDO No. 3 - San Fernando, La Union RDO No. 4 - Calasiao, Central Pangasinan RDO No. 5 - Alaminos City, West Pangasinan RDO No. 6 - Urdaneta City, East Pangasinan |
| Cordillera Administrative Region Abra Apayao Benguet łfugao Kalinga Mt. Province |
RDO No. 7 - Bangued, Abra RDO No. 8 - Baguio City RDO No. 9 - La Trinidad, Benguet RDO No. 10 - Bontoc, Mt. Province RDO No. 11 - Tabuk City, Kalinga RDO No. 12 - Lagawe, Ifugao |
| Region II Batanes Cagayan Isabela Nueva Vizcaya Quirino |
RDO No. 13 - Tuguegarao, Cagayan RDO No. 14 - Bayombong, Nueva Vizcaya RDO No. 15 - Naguilian, Isabela RDO No. 16 - Cabarroguis, Quirino |
| Region III Aurora Bataan Bulacan NuevaEcija Pampanga Tarlac Zambales |
RDO No. 17A - Tarlac City, Tarlac RDO No. 17B - Paniqui, Tarlac RDO No. 18 - Olongapo City, Zambales RDO No. 19 - Subic Bay Freeport Zone RDO No. 20 – Balanga City, Bataan RDO No. 21A - Angeles City, North Pampanga RDO No. 21B - City of San Fernando, South Pampanga RDO No. 21C - Clark Freeport and Special Economic Zone (CFEZ) RDO No. 22 - Baler, Aurora RDO No. 23A - Talavera, North Nueva Ecija RDO No. 23B - Cabanatuan City, South Nueva Ecija RDO No. 25A - West Bulacan RDO No. 25B - East Bulacan |
| Region IV-A Cavite Laguna Batangas Rizal Quezon |
RDO No. 46 - Cainta-Taytay RDO No. 54A - Trece Martires City, East Cavite RDO No. 54B - Kawit, West Cavite RDO No. 55 - San Pablo City, East Laguna RDO No. 56- Calamba City, Central Laguna RDO No. 57 - Biñan City, West Laguna RDO No. 58 - Batangas City, West Batangas RDO No. 59 - Lipa City, East Batangas RDO No. 60 - Lucena City, North Quezon RDO No. 61 - Gumaca, SouthQuezon |
| Region IV-B Mindoro Occidental Mindoro Oriental Marinduque Romblon |
RDO No.35 - Odiongan, Romblon RDO No. 36 - Puerto Princesa, Palawan RDO No. 37 - San Jose, Occidental Mindoro RDO No. 62 - Boac, Marinduque RDO No. 63 - Calapan City, Oriental Mindoro |
| Region V Albay CamarinesNorte Camarines Sur Catanduanes Masbate Sorsogon |
RDO No. 64 - Talisay City, Camarines Norte RDO No. 65 - Naga City, Camarines Sur RDO No. 66 - Iriga City, Camarines Sur RDO No. 67 - Legazpi City, Albay RDO No. 68 - Sorsogon City, Sorsogon RDO No. 69 - Virac, Catanduanes RDO No. 70 - Masbate City, Masbate |
| National Capital Region |
RDO No. 24 - Valenzuela City RDO No. 26 - Malabon City/Navotas City RDO No. 27 - Caloocan City RDO No. 28 - Novaliches RDO No. 29 - Tondo-San Nicolas RDO No. 30 - Binondo RDO No. 31 - Sta Cruz RDO No. 32 - Quiapo-Sampaloc-San Miguel-Sta. Mesa RDO No. 33 - Ermita-Intramuros-Malate RDO No. 34 - Paco-Pandacan-Sta. Ana-San Andres RDO No. 38 - North Quezon City RDO No. 39 - South Quezon City RDO No. 40 - Cubao RDO No.41- Mandaluyong City RDO No. 42 - San Juan City RDO No. 43 - Pasig City RDO No. 44 - Taguig City-Pateros RDO No. 45 - SMART (San Mateo-Marikina-Antipolo-Rodriguez-Teresa) RDO No. 47- East Makati City RDO No. 48 - West Makati City RDO No. 49 - North Makati City RDO No. 50 - South Makati City RDO No. 51 - Pasay City RDO No. 52 - Parañaque City RDO No. 53A - Las Piñas City RDO No. 53B - Muntinlupa City RDO No. 116 - Regular LT Audit Division I RDO No. 125 - Regular LT Audit Division II RDO No. 126 - Regular LT Audit Division Ill RDO No. 121 - Excise LT Audit Division I RDO No. 124 - Excise LT Audit Division II |
If the extended due dates fall on a holiday or non-working day, the submission and/or filing contemplated herein shall be made on the next working day.