Business Advisory
Insurance Advisory
Accounting Services
Services for Companies in the Insurance Industry:
- Set-up company’s standard operational system and procedures (SOP)
- Internal audit review, operating manual review, and share valuation
- Performance management review
- Merger consultation and advisory
- Custom insurance services
Merger and Acquisition Implementation
We will help our client in preparing the financial and accounting standard reports for merger and acquisition purposes.
- Financial Statement Preparation: (Based on the Indonesian Financial Accounting Standard – IFRS based (PSAK))
Our accounting service is concerned with the general purpose of financial statements preparation including consolidated financial statements of parent-subsidiaries company. We are also capable of preparing special purpose financial reports such as reports to be included in the IPO prospectuses and calculations of fiscal reconciliation for tax purposes.
We can also assist our clients in developing standard operating procedures (SOP) based on the specific industry's best practice standards.
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.
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).
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
- Instilling a culture of “Control Consciousness” among process owners and operatives
- Observe shortcomings in the policies, processes, and procedures while making 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, for the purpose of preparing adequate training to be imparted to concerned personnel with a view of 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
- Income Tax article 21: personal income tax
IT Consulting Services
We help our clients in:
- Reviewing the existing procedures to ensure that the client have been implementing the best practice standard in controlling IT process (COBIT Framework)
- Preparing SDLC (System Development Life Cycle) documentation
- Developing a good and managable IT infrastructures
- Setting up SOP for major IT business process
- Designing IT systems and network topology that fits the business process requirements
- Tax Cases Assistances
- Tax objection of the tax assessment letter (SKPKB, SKPLB, SKPBT, SKPN and SPKPBN)
- Tax Refund (Income Tax and VAT)
- Tax exemption and reduction preparation (article 22, 23 and 25)
- Tax Litigation Assistances
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 in optimizing SOX Section 404 compliance program for improvement in order 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”.
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 while being supported by our professional modules of training, we will perform training that is both memorable and applicable for the company.
Clients are our Assets. As a consultant firm, we will serve our client in applying our training modules to improve our client's performance based on further analysis.
Current Info:CTPrima have been appointed by the Institut Akuntan Publik Indonesia (IAPI) as an independent authorized trainer for Certified Public Accountants (CPA) Exam Review Program since 2008.
Clients are our Assets. As a consultant firm, we will serve our client in applying our training modules to improve our client's performance based on further analysis.
Current Info:CTPrima have been appointed by the Institut Akuntan Publik Indonesia (IAPI) as an independent authorized trainer for Certified Public Accountants (CPA) Exam Review Program since 2008.