New Member – Okamoto & Company
May 27, 2006
Okamoto & Company has specialised in providing bilingual professional accounting services to foreign subsidiaries since 1992. They are a three – partner firm and employ 25 professionals and approximately the same number of support staff. Partner, Richard Okamoto gives an insight into his firm and how he is looking forward to working within Kreston.
Many of the professionals within Okamoto & Co are US CPAs or Japanese licensed tax accountants who have spent time in the US and other foreign countries. A majority of our clients are publicly listed in their respective home countries and many are in the IT industry. The primary source of our engagements has been from referrals from the Big Four firms.
We value maintaining strong relationships with our clients and periodically conduct client satisfaction surveys. Some of our main lines of businesses are as follows:
Accounting Outsourcing – We provide monthly bookkeeping or periodical reviews of the accounts at the client’s premises. Financial statements can be compiled under Japanese GAAP, U.S. GAAP or IFRS.
Payroll Outsourcing – The processing and monthly payroll, social insurance registrations procedures are the major functions within payroll outsourcing. Our licensed Social Insurance and Labour specialists can advise on local labour law compliance matters.
Cash Management – We would maintain a bank account under our client ‘s name and on a monthly basis, prepare funding requests, process operating expenses, payroll, and tax payments on their behalf.
Auditing – Our experienced CPAs, CIAs, CISAs would work with their overseas counterparts in conducting financial audits, internal audits, royalty audits and/or business reviews. We are one of a handful of firms registered with the PCAOB in the U.S.
SOX – Our professionals have performed dozens of SOX 404 engagements, especially as it relates to documentation and testing, for a wide range of industries.
Taxes – With our association with Hanato Tax Accountant Office, we are able to prepare a wide variety of corporate and consumption tax returns and advise on local tax issues.
We look forward to meeting with many other members of the network and are hoping that this relationship will be a long and mutually prosperous one.