Corporate

Presentation

Brazil

Index

• Introduction

• About True CPA Group

• Our Mission, Vision e Values

• Services

• Contacts

Introduction - Market

Today’s complexities in doing cross-border business requires thatinternational companies stay current with the continuously changinglocal market regulation and requirements in the different countries inwhich they have subsidiaries.

This requires from organizations, not only international expertise, butlocal grounded knowledge, which is costly and takes time to set up.

With True CPA international companies obtain scalable and tailor madesupport for their subsidiaries.

True CPA could help on audit, due diligence, advisory, finance andadministrative back-office functions is more cost effective and providesinternational companies immediate access to local knowledgemaintaining at the same time expertise required to manage their headoffice requirements.

About True CPA Group

Our firm is comprised of professionals with vast experience, and hasmore than 30 years supporting local and multinational clients. Thisgreat tradition in professional services, recognized in the market, allowsus to state that:

We deliver a high quality service advice, personalized andcomprehensive, timely responding to your needs and professionals withhigh standards.

Our business knowledge may have added international experience,with professional experts in areas such as: Auditing, IFRS, Taxes andTributary services, Labor and Business Consulting.

All of our professional works are guided by high ethical values ofintegrity, responsibility, respect for the people and independence, whichallows us to establish long-term business relationships with our clients.

Our Mission, Vision e Values

Mission: True CPA aims to turn the knowledge into value for the benefit of its clients, its

people and its community.

Vision: To have a proactive thinking, with an orientation to the future, dedication to the

success of our clients and community. Be recognized as:

• The firm preferred by the best talent in the world

• Attracted by our reliability, prestige, culture and diversity

• The firm chosen by the clients and professionals, attracted by the quality, wide

ranging and thoroughness of our services.

Values: Defining who we are, are the fundamental beliefs and reflecting the deep respect

that our clients and partners have for us.

Guiding our actions and behavior. Influencing the way we work with each other, and the

way we serve our clients and collaborating with the communities, building confidence.

• Open and honest communication

• We respect the personal integrity, respect and teamwork.

• People with energy, enthusiasm and courage to lead.

• People who build relationships based on doing on the straightway

• People able to nourish themselves with the needs and concerns of others

• People are able to see things with a wider perspective

Audit

Our focus on audit is based on the strategic business risks for which we

focus our assistance in significant areas of your financial statements,

representing a value aggregated to the Corporative Board of Directors.

Our services are:

– Financial Statements Auditing

– Assistance in the conversion to IFRS

– Auditing Procedures Agreed

– Limited Review and Acting

– Preparation of Financial Statements according to IFRS

– Evaluation of Internal Control Systems

– Review of Financial Information

– Specific review of accounting and financial areas, and advisory

services in application of accounting principles.

– Compliance with Rules and Regulations

– Courses of IFRS normative application

Advisory Services

Our area of business advisory is focused on assisting your company in

different areas such as:• Internal Auditing

• Due Diligence of Financial Statements

• Advice on the company restructuring liabilities

• Financial Risk Management

• Business management and searching of strategic partners

• Recruitment and selection of executives

• Benefits and compensations

• Asset management, human capital, processes and research and HR

studies

• Our team of professionals has huge experience in identifying significant

risks, which will be fundamental support key to get control on all

aspects of your company’s financial information

• Financial structuring of new business;

• Strategic planning;

• Mergers and acquisitions business

• Due diligence;

• Business plan.

Tax

Legal and Corporate

– Establishment of new Companies, Mercantile and Civil Contracts

– Merger and Acquisition of Businesses

– Wealth Structuring Individual and Family Equity

– Tax Planning Wealth of Family with high value added equity

– Business and Corporate Reorganizations

– Tax Advisory in Inheritance and Donations

– Tax recovery

– Taxpayer Defense before the Tax Authority and Courts with respect

to the taxes

– Tax Consulting

Tax

Compliance

– Legal Due Diligence and tributary

– Reviews for Business Acquisition´s purposes

– Advice on the definition of Income Tax methodology

– Tax treatment of foreign investment and payments to abroad

– Act as Representative before the Tax Authorities

– Preparation of Income Tax Return (Individual and Corporate)

– Compliance with Accessory Obligations on Sales Tax and Fiscal

books (Federal, State and Municipal)

– Compliance with accounting, statutory, tax, paralegal and labor

obligations (BPO).

– Tax Diagnosis and Auditing

– Tax Services to the Expatriate

– Transfer Pricing

Tax Compliance (BPO)

True CPA is allowed to act in outsourcing services in the accounting,

fiscal books, treasury and administrative back-office services, delivering

cost-effective solutions while optimizing efficiency and quality for our

clients.

We are committed to provide our services under a “One Stop Shop”

concept with our trusted partners in Brazil.

As such, we serve as a real partner for international companies seeking

assistance for their subsidiaries in the understanding of local markets

and the compliance with local regulations.

Establishment of new Companies

Our services encompass the full life circle of an entity starting with set-

up and strategic planning.

We help our clients with the selection and set-up of the appropriate

entity type to support local business objectives, with the setting up of

books and procedures while helping through the registration process

before the appropriate local tax authority, administrative and banking

authorities.

We count with trusted partners networking as law firms, paralegal,

brokers and others specialists to help us in some activities.

Special licenses to run business in Brazil depends directly on our

trusted partners to obtain it.

Financial ERP system ready to use.

Management & Domiciliation

Upon contracting our Management & Domiciliation services you entrust

us the controllership of your local business to see that your company´sobjectives are met succesfully, while assuring at the same time, the

local entity´s goods standing with rules and regulations..

Either through True CPA or externally, we can provide you with highly

qualified and experienced representatives , officers or proxy holders

who can individually or jointly assume full or partial responsibility for

day-by-day management of your subsidiary.

When using our local registered address, the client is assured of the

timely and accurate processing of all formal communications received,

thereby also assuming the appropriate response to these documents.

* Management Services just could be provided, if True CPA will be responsible for accounting, tax compliance. treasury services and payroll

Fiscal Books & Obligations

The extensive, complex and ever-changing local rules and regulations

requires companies to focus more and more on handling compliance.

In organizations with reduced staffs, we are the ideal partner to keep them

up to date and in compliance with these constantly changing regulations.

Our comprehensive range of services includes, among others:

• Taxes, duties and charges calculations and respective payment

voucher

• Timely tax fillings of the obligations to the local Tax Authorities,

Brazilian Central Bank and others

• Coordination and attendance of tax auditing

• Transfer Pricing calculations among the related companies

• Local tax review

• Preparation of Annual Income Tax Return of the Entity and Individual

Accounting & Reporting

You can rely on our experienced staff to keep your subsidiary´s books

and records and to issue the necessary reports in accordance with

local and international rules and group policies, so as to assure and

strengthen transparency and accountability of your business.

Our comprehensive range of services includes, among others:

• Day-by-day bookkeeping work

• Timely local and management reporting

• Account analysis preparation and reconciliation

• Fixed Asset accounting control and respective depreciation

• Inventory accounting control and cost of good sold

• Managerial report according to internal company policy

• Issuance of local Financial Statements

• USGAAP or IFRS

• Attendance of internal or external auditing

Treasury

Our team has huge experience in interbank relationship that could help

the company to maintain the control of payments and collections

electronically in accordance with the local and international rules and

group policy.

Our comprehensive range of services includes, among others:

• Accounts receivable controls, including the issuance of the

collection voucher through the bank system and send it to the

client

• Accounts payable controls to assure the payment on the due

date

• Electronic interface with the bank for sending and receiving data

• Bank reconciliation

• Issuance accounts payable & receivable position reports

Payroll

In the local environment of constantly changing of payroll regulations,

relying on our Payroll Outsourcing services is the best solution.

Our comprehensive range of services includes, among others:

• Drafting of locally compliant employment contract

• Maintenance of employee confidential records

• Assistance on the hiring and dismissal process

• Gathering payroll data and ends with the preparation of

payment instructions for salaries

• Process the advance salary and monthly calculation

• Control and calculation of vacation and 13th annual salary

• Tax and social charges calculations

• Preparing and filling the payroll obligation to the Labor Authority

• Loan Staff - manpower assignment

IT Solutions

To make easier the day-by-day and facilitates the internal controls, True CPA

has a standard Financial ERP system to process the services or sharing the

process with the clients, as follows:

• TOTVS ERP, the major software house in Brazil listed at BOVESPA (SP

SEC)

• TOTVS ERP is totally compliant with the Brazilian Tax Legislation

• ERP hosted at TOTVS data center and cloud access remotely

• Secure access and data safety according to the SAS procedures

• Standard Financial ERP system ready to use, clients does not need to

invest in ERP generating savings

• ERP is segmented per modules, as: billing, purchasing, treasury

(AR/AP), inventory, accounting, fiscal books, fixed asset and payroll

• Allow us to permit the client being part of the process according the

scope of services and responsibilities agreed

• Develop a tailor made process and the specific ERP customization

belongs to the client for future internal requirements

• Build a specific BI (Business Intelligence) cube for internal controls of

the management team

* If specific customization is required, it will be charged separately

ERP Flow Process

Posting Data in the System, this service

could be performed by DA or Client

Documents review, fiscal analysis, tax

calculations, tax compliance and filings

service are under DA responsibility

Finance services could be performed

by DA or Client

Services under DA responsibility for

Month End Closing in BR GAAP and

preparation of managerial reports

Payroll routine services and monthly

process, tax and social charges calculation,

payroll filings and compliance are under

DA responsibility

DA upload the payments in the Bank and

Client will approve it electronically

AccountingPurchasing(Incoming Invoices)

Finance (Accounts Payable)

Inventory (COGS)

Fixed Assets (Depreciation

)

Taxes (Fiscal Books)

Billing(Invoices Issuance)

Finance (Accounts

Receivable)

Bank (Payments & Collections)

Payroll Process

A

A

A

B

B

C

C

C

D

D

D

D

E

E

F

F

Curriculum Vitae

• MBA in Controllership & Financial – Fundação Getúlio Vargas

• Bachelor in Accounting Administration – Faculdade Ítalo-

Brasileiro

Qualifications

• More than 25 years experience in accounting, tax compliance,

tax consulting, finance , controllership and BPO area

• Strong actuation in the preparation and coordination of

Managerial Reports and USGAAP/IFRS

• Experience in strategic planning, feasibility study, budget

preparation & control and selling price

• Responsible for IT, managing and validating the internal

processes and implementing the ERP systems, as: JDEdwards,

Datasul, Oracle e Totvs

Background

Develops its experience in the multinationals companies in the

auditing, consulting, outsourcing and industries, as: Arthur

Andersen, Deloitte, Ernst & Young, TMF-Group, Honda

(Motorcycles and Vehicles) e Sara Lee Corp (Coffee Division)

Languages

Portuguese, English and Spanish

Décio Deep

• Bachelor in Accounting Administration – Faculdade Newton de

Paiva

Qualifications

• More than 30 years experience in accounting, tax compliance,

HR & Payroll, finance , controllership and BPO area

• Strong actuation in the preparation and coordination of

Managerial Reports and USGAAP/IFRS

• Experience in new law Nr 11.638/07 and Nr 11.941/09

• Overall experience in HR and Payroll

• Business advisory focused in expansion projects

• Developing new businesses and tax planning

• Tax consulting and Income Tax

Background

Started his career as Head of Accounting Dept and controller of

national and international companies, as: Metalur, Eletrosilex,

Itaminas. As entrepeneuer, since 1988 established an BPO Firm

(Plano Contábil) till the joint with True CPA.

Languages

Portuguese, English and Spanish

Clóvis Rocha

Contacts

Décio Deep Clóvis Rochadecio.deep@truecpagroup.com clovis.rocha@truecpagroup.com

São Paulo Office Belo Horizonte Office

Rua Urussui, 238, 1º andar Sala 12 Rua Santa Rita Durao, 19

CEP:04542-051 - Itaim Bibi CEP: 30140-110 – Bairro Funcionários

São Paulo – SP – Brasil Belo Horizonte – MG - Brasil

Phone: ++ 55 11 3168-4865 Phone: ++ 55 31 3284.1110

Other office in Brazil: Rio de Janeiro & Brasilia

Other Countries: Chile, Mexico, Spain, Venezuela and Caribe

Thank you!!!

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