Corporate Profile AF2067
CONTENTS PAGE INTRODUCTION 1 THE FIRM 2 OUR VISION AND MISSION 3 OUR SERVICES 4 Assurance and Business Advisory Services 5 Tax Advisory Services 6 Consultancy and Corporate Advisory Services 7-8 SME Advisory Services 9 Corporate Secretarial Services 10 TEAM PROFILE 11-20 TRAINING AND EDUCATION 21 OUR OFFICES 22
INTRODUCTION The ever-changing business environment demands a well-rounded business consultancy practice that can respond to changes in legislative and economic conditions. Parker Randall, have the expertise and commitment to professionalism to proactively provide our clients with practical business solutions. Our well-rounded business consultancy with strict adherence to professional standards is well suited to serve our clients business needs. We are committed to provide effective, efficient yet practical advice to assist our clients in their financial affairs. We offer a full range of services for all our clients and this is continuously being developed and adapted to meet our clients needs. At Parker Randall, our commitment goes beyond the realm of business philosophy. We provide the necessary business assurances and other related financial services which we deliver effectively and efficiently. No matter how big or small our clients are, our team of experts with extensive experience will strive to provide them the best solutions. We are not only offering practical solutions to our clients business requirements but we also offer our clients with advice on management of their resources to produce the best possible outcome. 1
THE FIRM An established Business Adviser founded on professionalism, high ethical standards and mutual trust Parker Randall an established firm of professional business advisers Wholly owned and managed by Malaysians, the cardinal principle of our service hinges on professionalism, high ethical standards and attending to client s needs. Our services go beyond the traditional realms of accounting and auditing practice. Drawing upon the skills and expertise of our multidisciplinary and specialised staff and partners, we offer a wide and comprehensive range of services. As the business environment has become increasingly competitive, the business arena demands prompt response to the changes in economic conditions and legislation. We at Parker Randall, are ready and well prepared to assist management in meeting these challenges. 2
OUR VISION AND MISSION Our Vision We strive to be recognised as a leading Malaysian firm providing world class business advisory services to fulfill all our clients business needs. Our Mission We will endeavour to provide a platform for Malaysians to be trained as professional accountants and excel in business advisory services, providing the highest standards of professional competence and effective business solutions with excellent services through research and development. Our Core Values Our core values that become pillars upon which Parker Randall was built upon are people development, professionalism and clients satisfaction. People development Training and education are the vital elements in Parker Randall. Quality of our services is dependant upon our well-trained professionals. Professionalism Integrity and objectivity are given priority in delivering our services. Clients satisfaction We take pride in providing quality service to our clients and ensuring our clients expectations are exceeded. 3
OUR SERVICES Going beyond our established audit and accounting services We create value for clients, bringing competitive advantage to their activities. Our tested and proven strength is our diversity. Our success in supporting our clients who often require a comprehensive range of services that go beyond the traditional auditing and accounting services, originates from our ability to combine our knowledge with our extensive range of skills and industry expertise. Effective, innovative and competitive, yet very practical. This is how our clients, big and small, describe our delivery. For us at Parker Randall, it is doing what we do best, adding value to our clients interests. 4
ASSURANCE AND BUSINESS ADVISORY Independent, objective and of the highest professional standards Focused beyond routine audits and tax submissions, our services are designed to help clients meet both statutory obligations and business objectives. In an efficient and effective manner, we deliver high quality assurance on a variety of activities. Our seamless services delivery includes the following: - Statutory Audit - Due Diligence Review - Financial Investigation - Financial System Compliance Audit - Profit and Cashflow Forecast Review - Share Valuation - Certification of Returns to Statutory Bodies - Tax Compliance and Advice Our audit approach is more than a mechanical exercise. It is a vehicle for adding value from the audit process for our clients. Our focus on clients internal control results in effective communication with our clients on matters of importance and creates true value with insights on business. Our expertise in controls differentiates us as a provider of valueadded services. Moving from statutory audit to specialised business assurance services, we strive for effective ways of reporting that best meet our clients needs and offer practical business solutions. Regardless of the services we provide, we bring to it independence a competent view formed with objectivity, integrity, independence of mind and in the best interest of those entitled to rely on the product of our work. 5
TAX ADVISORY SERVICES An option for value added solutions to our clients tax needs Given the increasingly complex taxation system and frequent changes in fiscal legislation, our tax experts address tax needs of our portfolio of clients. Our team of tax specialists with extensive industry experience is able to provide comprehensive tax advice. Our clients will benefit from our tax planning and advisory services that ensure optimal solutions thereby enhancing returns on shareholders investments. Our professional service capabilities include the following:- DIRECT TAXES Income Tax Restructuring of existing business organizations; Establishing new business or branches; Remuneration package for individuals. Real Property Gains Tax - RPGT Applying for clearance and exemption. INDIRECT TAXES Goods and Services Tax (GST) Advising on implication of GST and GST planning GST system review Sales Tax, Service Tax, Customs Duties and Excise Duties Applying for Sales and Service Tax licences; Applying for tax / duty exemption and advising on reduction of exposure. INVESTMENT INCENTIVES Advising on incentives available and the appropriate incentives for investment; Review of applications for incentives, initiating and facilitating the application through the relevant government agencies and ministries. OTHERS SERVICES Tax Investigation and Tax Audits Representing and assisting clients. Tax Appeals and Dispute Resolution Assisting clients in pursuing appeals. Licensed Manufacturing Warehousing Assisting clients in obtaining the Licensed Manufacturing Warehousing with the Royal Custom and Excise Department. 6
CONSULTANCY AND CORPORATE ADVISORY SERVICES Business-oriented solutions customised to client s specific circumstances We provide experienced, innovative and independent advice to public and private companies, financial intermediaries, management teams, government departments and to other professional bodies. The range of services available: Mergers and acquisitions and transaction support Helping our clients develop the acquisition strategy, identify, value and approach targets, negotiate deals, prepare due diligence reports and advise clients on tax structuring, providing advisory services on a particular business transaction and other financial aspects. Company listings Assisting companies improve their access to capital and raise their profile through listings on stock markets. Business and investment valuations Our valuation specialists provide expert advice to ensure clients requirements are met. Our experts have wide range of experiences in reviewing financial models of various companies in their corporate exercise for valuation purposes. Joint ventures and strategic alliances Helping clients identify and evaluate potential partners as an independent and professional adviser. Financial Modeling Development and construction of Financial Model for various types of industries and providing inputs in the business plan development. 7
CONSULTANCY AND CORPORATE ADVISORY SERVICES (Cont d) Project financing Providing independent advice on the financing structure appropriate to clients venture into new business areas and/or need for improving returns. Privatisation and corporatisation advisory Performing privatisation and corporatisation studies including organization structure, feasibility studies and source of funding. Corporate restructuring Recommending and assistance in implementing strategies for restructuring in order for the organisation to maximise resource utilisation. Our reputation and proven track record is built on: - Our efficiency in undertaking, conducting and completing assignments. Our ability to provide prompt professional advice on technical matters. Our ability to provide timely and meaningful reports during the course of our assignments. Our clients can be assured of a high degree of professionalism and service quality as each assignment is governed by specialised methodology. 8
SME ADVISORY SERVICES We offer the full range of advisory to assist SMEs fulfill their compliance obligations as well as to run their business smoothly. We will maintain the quality and consistent application and interpretation of the Malaysian Accounting Standard Board (MASB) approved accounting standards to assist our clients improving the quality of their financial reporting and managing day-to-day affairs. Our SME advisory services include: a. Maintaining full set of account with the computerized accounting. b. Cash management and budget report. c. Management account and report. d. Business planning report. e. Monthly operating statements. f. Bank reconciliation g. Taxation 9
CORPORATE SECRETARIAL SERVICES A track record for prompt and reliable services Formation of company o Incorporation of companies with the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia SSM ). assist incorporation of off-shore companies Registration of business o Incorporation and establishment of sole proprietorship, partnership and other forms of business with the Registrar of Business. Company secretarial services o Acting as Company Secretary for companies incorporated under the Companies Act, 1965. Company search o Search of company information at SSM, including name search and obtaining particulars of companies. Patent and trademark registration o Assisting clients in registration of patents and trademarks with the relevant authority. Registration with statutory bodies o Assisting clients in registration with relevant government bodies. Work permit o Assisting clients in obtaining work permits for expatriate staff. 10
O TEAM PROFILE ur team is dedicated to the firm and our clients with high integrity and professionalism. o Executive Chairman/Partner Khairul Azahar Ariffin CA(M), CPA(Aust), B.Acc (Hons) He is a qualified Chartered Accountant of the Malaysian Institute of Accountants. He is also a member of Certified Practising Accountant of CPA Australia Ltd. He graduated from Universiti Kebangsaan Malaysia with a Bachelor s Degree in Accountancy. He has served several years with Coopers & Lybrand and has been involved in audits of large multinational companies and other local corporations as well as listed companies in Malaysia. He left Coopers & Lybrand to set up his own practice. He has over fifteen years of experience in public practice. He is also the partner responsible for the Southern Region operations. He has vast experience in development of strategic business plan for SMEs. He has participated in monitoring and review of loans of a government agency and advisory on withholding tax. Currently, he sits in the board of a Public Listed Company and serving as Chairman of Audit Committee of the Company. 11
TEAM PROFILE (Cont d) o Managing Partner Mohd Afrizan Husain CA (M), FCCA, CPA (M), CPA (AUST), FTII, CISA He is the Managing Partner of the Firm and responsible for operations and development of the strategic plans. He is a member of the following professional bodies:- Malaysian Institute of Accountants (MIA) Malaysian Institute of Certified Public Accountant (MICPA) Fellow of the Association of Chartered Certified Accountants (ACCA) Certified Practising Accountant of CPA Australia Fellow of Chartered Tax Institute of Malaysia (CTIM) ISACA and Certified Information Systems Auditor (CISA) He is currently a member of Public Practice Committee of the Malaysian Institute of Accountants. He is the partner in charge of our East Coast regional office. He had nine years experience in an international audit firm, Coopers & Lybrand, during which he had been involved in audit and special assignments for various public listed companies both local and international, such as profit forecast, due diligence audit, corporate takeover and setting up accounting procedures. He is an approved Company Auditor under Section 8 of the Companies Act, 1965 and holds the licence issued by the Ministry of Finance. He also holds a Liquidator/Receivers & Managers licence issued by the Ministry of Finance. His major assignments include operational audit of a telecommunication company, setting up of internal audit department of a government agency, financial and debt structuring exercise of a public company and investigation audit on a PN4 listed company. 12
TEAM PROFILE (Cont d) o Partner Hj Tarmili Dulah Kusni CA(M), CPA (Aust), B.Acc (Hons) He is a Chartered Accountant of Malaysian Institute of Accountants (MIA) and Certified Practising Accountant of CPA Australia. He is also member of the Chartered Tax Institute of Malaysia (CTIM), Malaysian Institute of Internal Auditors (MIIA) and Malaysian Institute of Corporate Governance (MICG). He has extensive experience in the accounting profession. His experience includes all aspect of auditing, tax compliance, corporate tax planning and tax investigation, corporate and business advisory and project financing. He has been auditing various public and private limited companies, government agencies and statutory bodies. He has been appointed by Pusat Zakat of several states as Agent Amil Zakat representing the firm and is authorised to collect Zakat on behalf of the Agency in Selangor and other states. He was previously a member of the board and Audit Committee of a Public Listed Company. 13
TEAM PROFILE (Cont d) o Partner Khairudin Ibrahim CA(M), CPA (Aust), B.Acc (Hons) He qualified as a Chartered Accountant of the Malaysian Institute of Accountants (MIA) in 1994. He is also a member of Certified Practising Accountant (CPA) Australia. He holds a practising licence issued by the Ministry of Finance. He was previously a Manager in Assurance and Business Advisory Unit with an international firm; Coopers & Lybrand and with the merged firm, PricewaterhouseCoopers. He has gained extensive experience in audit and corporate exercises which include preparation of accountants report, submission of proposed issuance of bonds, bonus and rights, corporate restructuring, tax planning, due diligence review, privatisation & corporatisation exercise, acquisition and other business advisory. He is presently a member of the Financial Statements Review Committee of MIA. He is also a committee member of Public Practice Committee of CPA Australia. He has been involved in several working groups of the Malaysian Accounting Standard Board (MASB). Currently, he sits in the working groups of SME reporting standards, Reduced Disclosure Requirement Reporting Standards and MASB Issues Committee. He is currently serving as Independent Director and Audit Committee Chairman of a Public Listed Company. He also currently an Independent Director of a unit trust and fund management company and as Independent Investment Committee of the funds. 14
TEAM PROFILE (Cont d) o Executive Director Mohamed Nadzir Idris CA (M), ADIA (UiTM) He graduated from Institute Technology of MARA (now known as Universiti Teknologi MARA) with Advanced Diploma in Accountancy. He is also a Chartered Accountant with Malaysian Institute of Accountants. He started his career with Coopers & Lybrand in 1991 where he gained experience in audit, taxation and corporate restructuring and recovery assignments. He has also gained experience in accounting and corporate exercises during his employment as the accountant of a health management company. He is currently the Director responsible in the Assurance / Audit Services of the firm and he is the Principal of Ipoh Branch office responsible in managing and development of the Branch. o Director, Internal Audit & Risk Management Razly Bin Zakaria ACCA, CIA, CMIIA He is a member of Association of Chartered Certified Accountants (UK) and a Chartered Member of Institute of Internal Auditors Malaysia. He is also a Certified Internal Auditor (USA) and accredited by Institute of Internal Auditors (USA) as a qualified quality assessor/ validator for Quality Assessment Review (QAR). He gained commercial & consulting experience during his employment with a public listed company and international audit firms, before heading an Internal Audit & Risk Management Department in a governmentlinked corporation. His experiences vary and include Finance & Administration, Corporate Planning, Corporate Recovery & Insolvency, Internal Audit, Risk Advisory, Financial Due Diligence and Business Valuation. He has been involved in Internal Audit, Enterprise Risk Management, Financial Due Diligence and Business Valuation assignments covering private and public entities in various industries namely construction, property management, utilities, manufacturing, plantation, heavy engineering, trading, transportation & logistics, investment holding and government-linked corporations. 15
TEAM PROFILE (Cont d) o Senior Manager Consultant Norazleen Abu Bakar FCCA, B.Acc & Fin (Hons) Dublin Business School, Ireland She is a member of The Association of Chartered Certified Accountants (UK) and graduated from Dublin Business School, Ireland (DBS) with Degree in Accounting and Finance. Upon graduation, she joined the audit firm in Dublin, Ireland where she spent more than four years in audit, accounting, taxation and company secretarial work. She has been exposed to accounting and auditing assignments for various industries including manufacturing, consultancy, trading and services industries. She has also been involved in setting up an internal audit department and other special assignments in financial and corporate advisory. She is currently a Senior Manager Consultant in our Corporate Advisory Services Division. o Senior Manager Zaidaniah Hamzah CA(M), B.Acc.(Hons) IIUM She graduated from International Islamic University of Malaysia and holds a Bachelor s Degree in Accountancy. She has been involved in audit assignments in various industries. She has also involved in special assignments including Accountants Report and Profit and Cashflow Forecasts for companies seeking listing in Bursa Malaysia. Her vast experience in the audit and accounting has enabled her to provide constructive advice to our clients. In addition, her exposure in financial forecast reviews and due diligence reviews has given an advantage in providing financial reporting services to the clients. She is the senior manager responsible for the resource management of the firm. She is currently the team leader in the Firm s computerization work flow and system working group. 16
TEAM PROFILE (Cont d) o Manager Sabrina Syazlin Saaid CA (M), ACCA, MBA (UUM) She graduated from Dublin Business School-Kolej Polytech MARA Kuala Lumpur (formerly known as Kolej Yayasan Pelajaran MARA) with National Diploma in Business Studies in Accounting. She is a member of The Association of Chartered Certified Accountants (UK) and also a Chartered Accountant with Malaysian Institute of Accountants. She obtained her degree Master in Business Administration from Universiti Utara Malaysia and currently completing her Doctoral degree in Business Administration. Prior joining the firm, she was attached to a medium-size accounting firm for eight years and has been managing engagements in auditing for various clientele portfolios comprising of construction, property developers, trading and retailer, investment holding, hospitality and private agencies. She has been exposed for various assignments in tax consulting, accounting and company secretarial works. She was also made responsible for liaising with tax authorities and maintains close working relationship with them. The extensive experiences that she obtained in audit, taxation and accounting has enabled her to provide constructive advice to our clients. She is currently managing portfolio of clients in our Assurance and Business Advisory division. 17
TEAM PROFILE (Cont d) o Senior Manager Suriwati Azilah Abdullah CA (M), B.Acc.(Hons) UiTM She graduated from Universiti Teknologi MARA with a Bachelor s Degree in Accountancy. She is also a member of the Malaysian Institute of Accountants. She has more than seven years of experience in accounting, auditing and taxation. Her participation in various audit and tax engagements has given her wider understanding of business issues relating to tax compliances. She is currently responsible in managing a portfolio of clients on tax compliances and tax advisory matters. She also advises clients on indirect tax issues and assists clients on applications for service tax license with the Royal Custom and Excise Department of Malaysia. o Senior Manager Ernie Sharmila Abd Rahman CA (M), B.Acc.(Hons) IIUM She holds a Bachelor s Degree in Accountancy from the International Islamic University of Malaysia. She is a member of the Malaysian Institute of Accountants. Her experience predominantly in providing tax compliance and advisory services in aftaas tax division. She is responsible in managing the corporate and individual tax compliances and monitoring clients tax issues including assisting clients in tax audit and investigations. Apart from providing corporate compliance tax services, she assists in identifying potential tax issues arising from business decisions and processes and resolve through liaisons with legal and audit professionals or sought the opinion from Inland Revenue Board. She is currently heads the firm tax advisory division. 18
TEAM PROFILE (Cont d) o Manager Hadira AB. Hamid CA (M), B.Acc.(Hons) UUM She holds a Bachelor Degree in Accountancy from University Utara Malaysia (UUM). She joined the firm after graduation. She has obtained an extensive experience in auditing and accounting in the Firm. She has involved in assisting clients in finalizing the financial statements and preparation of management reports. Currently she handles a portfolio of various companies with property development as the major industry. She has also involved in due diligence review of various companies including company in the agritechnology industry. Her specialization in the property industry is the Firm s assets in full-filling the needs of the clients. o Assistant Manager Muhammad Akbar Ismahadi CA (M), B.Acc.(Hons) IIUM He graduated from International Islamic University of Malaysia with a Bachelor s Degree in Accountancy. He joined the firm after graduation as an audit assistant and progressively promoted to his current position. He has extensive experience in auditing, accounting, taxation and related services, having exposed in various types of engagement including statutory, due diligence and special audit, involving various industries namely banking, manufacturing, construction, trading and services. She also exposed to co-operative and public sector auditing. Currently, he handles a portfolio of companies comprising property developers, construction and manufacturing. 19
TEAM PROFILE (Cont d) o Assistant Manager A. Aswad @ Abdul Rahim Bin Ahmadun CA (M), B.Acc.(Hons) UUM He holds a Bachelor Degree in Accountancy from University Utara Malaysia (UUM). He is also a Chartered Accountant with Malaysian Institute of Accountants. He joined the firm after graduation. He has obtained an extensive experience in auditing, accounting and taxation in the Firm. His engagement covers a wide range of industries including trading & manufacturing, construction and property development, cooperative and statutory bodies. He is responsible for the supervision and management of the Ipoh branch. o Assistant Manager Mohd Adam Mohd Nasaruddin B.Acc. (Hons) KLIUC He graduated from Kuala Lumpur Infrastructure University College with Bachelor s Degree in Accountancy. He joined the firm as audit assistant and progressively be promoted to his current position. He has experience in auditing, accounting, taxation and other related services, having involved to various engagements in auditing for various industries and organizations including manufacturing, construction, trading and services, cooperation, private and public sectors. He has also involved with auditing of statutory bodies under the supervision of the Auditor General s Office. His experience in audit and accounting has enabled his to provide constructive advice to our clients. Currently, he is responsible for the supervision and manages a portfolio of clients in Assurance and Business Advisory Division of the Firm in Southern Region branch. 20
TRAINING AND EDUCATION Dedicated Staff Force We have a sound policy in recruiting personnel. Currently, we have a combined staff force of more than 100 professional personnel. We believe that continuous development is vital. In this respect, our firm places heavy emphasis on education and continuous training for all staff members of the Firm. We recognise the needs of our people with aspirations. Realising these needs, we focus our training and education activities to create intellectual reservoirs. We constantly provide training and education to our staff. We encourage and support our staff to obtain professional qualifications. Our encouragement includes providing study leave. Structured training and education programs have been developed for our staff. Our Firm also conducts in-house training for our staffs. The in-house training is designed to provide not only technical knowledge but also teamwork and client relationship programmes. We believe that our future growth depends on the quality of our staff and the continuous development of expertise. With the training and education of staff, we embed it in our services to give better services to our client. 21
OUR OFFICE HEAD OFFICE 2, Jalan Rampai Niaga 2, Rampai Business Park, 53300 Kuala Lumpur Phone: (603) 41439330 Fax: (603) 41429330 Email: aftaas@parkerrandall.com website: http://www.parkerrandall.com ATION 2000 KAP INNOVATION 2000 22