Profile
Key Qualifications:
Jimmy Budhi has over twenty years experience as an external as well internal auditor of private, public and government entities in Indonesia.
He was a consultant to the Central Bank of Indonesia, PT Bank Mandiri, the largest state bank in Indonesia, as well as various international aid organizations. Jimmy was also the consultants for the Government of Indonesia in two important projects; Financial Crime Prevention Project, a project intended to ensure removal of Indonesia from the Non-Cooperative Countries and Territories List on money laundering, and the establishment of Government of Indonesia’s Deposit Insurance Corporations.
Jimmy was also the auditor of the World Bank and several major state-owned and private companies in Indonesia, such as PT Telekomunikasi Indonesia Tbk, the state-owned telecommunication provider and the largest company in Indonesia; PT Taspen, the state’s provident fund company; Asia Pulp and Paper group of companies, the largest pulp and paper company in Asia; PT Energi Mega Persada Tbk, one of the largest oil and gas company in Indonesia, and PT Bumi Resources Tbk, the largest coal mining company in Indonesia.
Since 2003, Jimmy has also been working in the USA for Millennium Resource Alternatives, LLC. (MRA), a company based in Florida, USA specializing in serving international aid organizations, as well as other companies in Asia. Through MRA, Mr. Budhi has been serving clients in the USA as well as in Indonesia, particularly in the area of reconciliation between the Indonesian GAAP to US GAAP, performing audits based on the standards acceptable in the USA (US GAAS) for companies issuing bonds and other securities under Rule 144A or Regulation S of the Securities Exchange Act 1933.
Achievements:
Established KAP Jimmy Budhi & Rekan. Within a relatively short period of time, the firm has over 20 publicly traded clients. The firm is one of the fastest growing accounting firm in Indonesia.
- Established and developed payroll outsourcing division of PT Moores Rowland Indonesia, which is currently the leading provider for payroll service in Indonesia.
- Project manager in the preparation of Bank Indonesia’s (Indonesian Central Bank) internal audit manual. The project was to design and implement a risk based approach for the internal auditing system for the Central Bank of Indonesia. He was assigned by Arthur Andersen & Co, Jakarta, which was awarded this project, to lead a team of approximately 20 consultants.
Education:
Bachelor in Economics majoring in Accounting, University of Indonesia, Jakarta, Indonesia.
Experience:
April 2003 - present
Partner - KAP Jimmy Budhi & Rekan, Registered Public Accountants, member of Praxity.
2003 - present
Consultant - Millennium Resource Alternatives, LLC (p.k.a Asian/American CPA Services LLC), a Florida, USA based accounting firm.
April 2003 - December 2004
Division Head of Tax and Outsourcing Division - PT Moores Rowland Indonesia.
January 2006 - June 2007
Member of Audit Committee - PT Atlas Copco Indonesia, an Indonesian subsidiary of Atlas Copco Worldwide, a Swedish listed company engaged in manufacturing electrical, construction and engineering equipments.
April 2001 - March 2003
Member of Audit Committee - PT Petrosea Tbk, Jakarta, Indonesia, an Indonesian listed company (a subsidiary of Clough Engineering, an Australian construction and engineering company).
February 2000 - March 2003
Partner - Grant Thornton Indonesia, member of Grant Thornton International.
June 1995 - November 1998
Chairman of Internal Audit Committee - Bank Subentra, Jakarta, Indonesia.
May 1994 - February 2000
Partner - WL&BP Consulting, Jakarta, Indonesia.
February 1992 - May 1994
Deputy Head of Internal Audit Division - Bank Central Asia, Jakarta, Indonesia.
September 1982 - February 1992
Audit Senior Manager - Arthur Andersen & Co., Jakarta, Indonesia.
