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KAP Razikun Tarkosunaryo, Registered Public Accountants

Razikun, Tarkosunaryo Public Accountant was founded with the objective of becoming your business partner to assist you in enhancing your business performance with our assurance, accounting and business advisory services. Razikun, Tarkosunaryo Public Accountant currently is supported by qualified Accountants, representing a unique synergy of professionals from various fields of industry expertise that enable us to perform a wide range of services. One of the Partners also serves as a Secretary General of Indonesian Public Accountants Association (IAPI) as well as their spokesperson to mass media. He actively involves in the implementation of IFRS and IFAC regulations in Indonesia.

In order to get a wider perspective in providing our services, Razikun Tarkosunaryo Public Accountant has been collaborating with MSI Global Alliance, a global network of independent legal and accountancy firms, business consultants and legal advisers which Head Office located in London, United Kingdom, and represented by over 250 offices in more than 100 countries in Europe, the Americas, Middle East, Asia-Pacific and Africa . This is to meet the demands of our clients that are mainly multi-national companies with cross border business activities.






 Our Services

1. General  audit

2. Internal audit

3. Special audit

4. Review and compilation

5. Other Assurance services

6. IFRS Services




1. General Audit
This service is intended to examine and  provide an opinion on the financial statements and fair view of financial statements according to generally accepted accounting standards. The audit report will be useful to management, shareholders, and other stakeholders. 
2. Internal Audit  Advisory Services
This service is to helps your management fulfill its responsibility for establishing effective and efficient control systems, reporting policies and procedures, and for creating a system of corporate governance. The advisory will cover the followings: Corporate Governance Advisory Internal Audit Advisory & Outsourcing Internal Control & Sarbanes-Oxley Advisory System and Procedures Development

3. Special Audit
The objective of this service is to verify and/or to examine financial statement of your company by applying agreed-upon procedures of financial statements. This service is performed to ensure that the company’s financial affairs are being run in accordance with proper accounting practice.
4. Review and Compilation 
When a full auditing services are not required, but there is a need for an assurance on your financial statements, then we can provide you with a review of financial statement service review. The resulting report indicates limited assurance as to the appropriateness of the financial statements.
Compilation services are offered to assist your accounting department in the preparation of your financial statements in accordance with professional standards. No opinion is expressed about the  underlying information in the statements 

5. Other Assurance Services
 Other assurance services designed to help you manage your company more effectively. Our complete assurance services include :
· Preparing prospective financial    statements, forecasts and projections
· Reviewing your organization's internal controls
· Assisting you with feasibility studies
· Providing performance measurement including benchmarking
· Analyzing your financial statements and providing accounting advice
· Providing assurance of your compliance with regulatory requirement
· Developing special reports on items contained in your financial statements
· Performing due diligence procedures in business acquisitions
6. International Financial Reporting Standard (IFRS) Services
This service is intended to assist your   company in the process of conversion from Indonesian Generally Accepted Accounting Principles (GAAP) to IFRS. By this service we will assist the company in designing the conversion project from planning phase until post-implementation review. IFRS Services covering :
· IFRS Conversion Project
· Evaluation of the impact of transition
· IFRS Due Diligence
· Audit on IFRS Financial Statements
· Reconciliation between IFRS and PSAK
 -Tailored IFRS Training





Dr. Muhammad  Razikun, CPA, CertIFR

 Razikun graduated his Phd  in Business  Administration and Master of Accounting from Magister Accounting University of Indonesia, and Accountant program from Sekolah Tinggi Akuntansi Negara (State Accounting College) He also joined Executive Program in Strategic  Management London Business School UK, and Managerial Finance Program of Nanyang Business School, Singapore.In addition, he holds Certificate in International Financial Reporting and Certificate (IFRS) and International Audit from ACCA (Association of Chartered Certified Accountants), London, the global body for accounting professionals.  Razikun is  member of Accountants Forum for Bank (Bank Indonesia - Central Bank) and a member of Accountant Forum for Capital Market (FAPM). He also holds Certificate of Sarbanes Oxley Expert (CSOE) from Sarbanes Oxley Compliance Professionals Association (SOXCPA) USA. Starting his career as an auditor at the Finance Ministry of the Republic of Indonesia in 1988 and then joined several Accounting firms, Razikun was known as founder of MUC Consulting Group, a leading professional Consultant Group engaged in accounting tax and advisory.


 Tarkosunaryo, CPA





    Tarkosunaryo is known as Secretary General of the Indonesian Institute of Certified Public Accountants (IICPA) as well as its spokesperson to the mass media. This holder of registered accountant license from the State Accounting College obtained his Certified Public Accountant (CPA) after passing the 2nd batch Indonesia CPA Examination in 2002. Prior to his current position as partner in Razikun,Tarkosunaryo Public Accountant Firm, he started his career as an auditor at the Finance and Development  Supervisory  Agency (BPKP) for 8  years  and then joined
  a mid range accounting firm where he handled a wide range of services in auditing, accounting and consulting services since 2003. Tarkosunaryo also actively involves in the implementation of accounting standard in Indonesia. Tarkosunaryo is  member of Accountants Forum for Bank (Bank Indonesia - Central Bank) and a member of Accountant Forum for Capital Market (FAPM).    


 Adi Rasidi, CPA




                   Adi  Rasidi is Partner of KAP Razikun Tarkosunaryo  and a member of Indonesian Institute of Accountants (IAI) and Indonesian Institute of Certified Public Accountants (IAPI). Starting his career as an auditor at the Finance and Developemnt Supervisory Agency (BPKP) in 1990 and then joined a mid range accounting firm where handled a wide range of reputable clients form various industries.  He has over 20 years of experience in auditing, accounting and advisory services.                                                             



MSI Global Alliance


Today's internationally-focused companies rely on the expertise of business lawyers and accountants who are not only knowledgeable about the laws, tax systems, regulations and customs of their local jurisdiction, but who are also experienced in working nationally and internationally in other jurisdictions.

To succeed in a complex global business environment, senior company executives often need to make key decisions quickly. They need to call on professional advisors in diverse locations who can provide a broad range of high quality services at affordable rates. And it is all more convenient if the full range of audit, accounting, legal, tax and consultancy services can be coordinated through their local firm, and provided in English wherever in the world services may required.

Membership is highly sought For over 20 years, MSI Global Alliance (MSI) has been developing an international association that matches clients with carefully screened, independent, professional firms that are able to meet these exciting requirements and other stringent membership criteria.







By supplementing their own expertise and resources with those of MSI members in most of the world's key financial and commercial centers, MSI member firms are helping prominent, growing companies in every industry to succeed in today's fast-changing legal and financial landscape.

As a result, MSI is becoming the 'go to' international association for senior executives working at nationally and internationally focused, small to medium sized companies that need legal and financial services to be coordinated across multiple jurisdiction.

Over the last 20 years, MSI has grown to become one of the largest and most established international associations of independent professional firms.

MSI worldwide membership now extends to over 250 member firms in 100 countries, and is spread evenly among accounting and legal firms in the Americas, Asia Pacific, and Europe, Middle East & Africa regions.

Two decades on, the aim of providing a real alternative to the large international professional services firms has become more relevant than ever.
after strong, independent firms that need to broaden the scope of services available to their entrepreneurial clients without giving up their much valued autonomy and identity.

A collective membership of nearly 10,000 practising accountants, auditors and tax advisors worldwide means that MSI have more professionals than some of the world's largest firm. As a result, clients can reach out confidently for assistance from highly rated professional firms almost anywhere in the world.

Together MSI member firms have an impressive global presence:

* 250 member firms in over 300 locations
* Representation in over 104 countries
* Nearly 10,000 professional fee earners, with an additional 4,000 support staff



Comprehensive Income

What exactly is ‘comprehensive income’?

Comprehensive income is the total non-owner change in equity for a reporting period. This change encompasses all changes in equity other than transactions from owners. Most of these changes appear in the income statement. A few special types of gains and losses are not shown in the income statement but as special items in shareholder equity section of the balance sheet.

Since these comprehensive income items are not closed to retained earnings each period they accumulate as shareholder equity items and thus are entitled “Accumulated Other Comprehensive Income” and is sometimes referred to as "AOCI".

Accumulated other comprehensive income is a subsection in equity where "other comprehensive income" is accumulated (summed or "aggregated").

The balance of AOCI is presented in the Equity section of the Balance Sheet as is the Retained Earnings balance, which aggregates past and current Earnings, and past and current Dividends.


Other comprehensive income

Other comprehensive income is the difference between net income as in the Income Statement (Profit or Loss Account) and comprehensive income, and represents the certain gains and losses of the enterprise not recognized in the P&L Account. It is commonly referred to as "OCI".

In practice, it comprises the following items:

1.      Foreign currency translation adjustments on foreign subsidiaries

2.      Changes in the fair value of available-for-sale financial assets

3.      Actuarial gains and losses arising on a defined benefit pension plan

4.      Revaluations of property, plant and equipment

5.      Changes in the fair value of a financial instrument in a cash flow hedge

While the AOCI balance is presented in Equity section of the balance sheet, the annual accounting entries, as flows, are presented sometimes in a Statement of Comprehensive Income. This statement expands the traditional Income Statement beyond Earnings to include OCI in order to present Comprehensive Income.

Under the revised SFAS 1, all non-owner changes in equity (comprehensive income) must be presented either in one Statement of comprehensive income or in two statements (a separate income statement and a statement of comprehensive income).



KAP Razikun Tarkosunaryo

MUC Building 6th floor

Jl. TB. Simatupang  no. 15  Tanjung Barat

Jakarta Selatan

Ph. +622178837111   Fax +622178837666

Email : rts@mucglobal.com