BUSINESS ADVISORY SERVICES
INSURANCE ADVISORY
Services to Insurance Industry:
- Set-up company’s operational system and procedures (SOP)
- Internal audit review, operating manual review and share valuation.
- Performance management review.
- Merger consultation and advisory.
- Custom insurance services.
- Financial Statement Preparation: (Based on Indonesia Financial Accounting Standard – IFRS based PSAK)
Our service concerned, in particular, with a general purpose financial statements preparation including consolidated financial statements of parent-subsidiaries company. We could also prepare special purpose financial reports such as reports to be included in the IPO prospectuses or calculation of fiscal reconciliation for tax purposes and others.
We can also assist our clients to develop standard operating procedures (SOP) based on The industry best practice standard.
Our service applies to the financial statements of any business enterprises, whether in the public or private sectors including financial statement for not-for-profit organizations.
- Debt restructuring.
- Liquidation Services.
- General Ledger Reconciliation.
- Financial Reporting based on IFRS (for SGX and overseas reporting requirements).
- Public Company Accounting Oversight Boards (PCAOB) Financial Reporting (for Multinational Company reporting requirements).
We will help our client to prepare the financial and accounting standard reports for merger and acquisition purpose.
STANDARD OPERATING PROCEDURES (SOP)
We will help our client to develop SOP Manual and meet our client’s objectives related to:
- Systematically record all current business policies, processes, and procedures currently followed.
- Clearly indicate the flow of actions performed from beginning to the end of the process chain.
- Inculcate a culture of “Control Consciousness” among process owners and operatives.
- Observe shortcomings in the policies, processes and procedures and make suitable recommendations for improvements in the policies, process effectiveness, process efficiency, internal controls and compliance, as applicable.
- Serve as a basis for disseminating knowledge on the above among employees dealing with the relevant business function, to enable adequate training to be imparted to concerned personnel with a view to making the business operations person-independent.
- Act as a reference guide to Internal Audit, which assesses the extent of compliance to the SOP.
TAX SERVICES
- Corporate Tax Preparation
- Income Tax article 21: employee income tax.
- Income Tax article 26: foreign employee income tax.
- Income Tax article 23/26: service income tax.
- Income Tax article 4 (2) Final: rental service income tax.
- Income Tax article 25/29: corporate income tax.
- Income Tax article 22: import income tax.
- Value Added Tax (VAT).
- Personal Tax Preparation
We are also help our client in handling their monthly and annually personal tax such as:
- Income Tax article 21: personal income tax.
- Tax Cases Assistances
We will assist our client to preparing and processing the tax matters with The Directorate General of Taxes or Directorate General of Custom and Duties on behalf of:
- Tax objection of the tax assessment letter (SKPKB, SKPLB, SKPBT, SKPN and SPKPBN).
- Tax Refund (Income Tax and VAT).
- Tax exception and reduction preparation (article 22, 23 and 25).
- Tax Litigation Assistances
IT CONSULTING SERVICES
We help our clients to:
- Review the existing procedures to ensure that the client have been implementing the best practice standard in controlling IT process (COBIT Framework).
- Prepare SDLC (System Development Life Cycle) documentation.
- Develop a good and managable IT infrastructures.
- Set up SOP for major IT business process.
- Design IT system and network topology that fit business process requirements.
THE SARBANES – OXLEY (SOX) SECTION 404 COMPLIANCE (INTERNAL CONTROL REVIEW)
The recent Sarbanes-Oxley (SOX) Act Section 404 guidance from the United States (US) Securities and Exchange Commission (SEC) provided some much-needed clarity and direction.
We will assist our client to optimizing Sarbanes 404 compliance program for improvement to generate significant savings for the company.
Under Section 404 of the Act, management is required to produce an “Internal Control Report” as part of each annual report.
The report must affirm “the responsibility of management for establishing maintaining an adequate internal control structure and procedures for financial reporting”.
The report must also “contain an assessment as of the end of the most recent fiscal year of the company of the effectiveness of the internal control structure and procedures of the issuers for financial reporting”.
TRAINING AND DEVELOPMENT
With our leading practitioner in the field of management, banking, auditing and insurance and also human capital and supported by our professional modules of training, we will perform the training moment to become memorable and also applicable for the company.
Clients is our Assets, as a consultant company, we will serve our client to application our modules of training to improve our client performance based on further analysis.
Current Info:
CTPrima have been appointed by Institut Akuntan Publik Indonesia (IAPI) as an independent authorized trainer for Certified Public Accountants (CPA) Exam Review Program since 2008.
ASSURANCE SERVICES
FINANCIAL DUE DILIGENCE
Financial Due Diligence to assist decision making process in planning corporate action:
- Financial Aspect Review.
- Financial Compliance Review.
SPECIAL REVIEW
Special Audit and Investigative Audit based on Agreed Upon Procedures:
- Other Special Review.
COMPANY SHARE VALUATION
We also provide services to do share valuation work.
MANAGEMENT AUDIT & CLIENT BUSINESS REVIEW
- Management Performance Review.
- Operational & Financial Business Review.
- Review Client Business Plan.
- Industrial Review.
- Budget or Projection Review.