Kazushi Kimura, CPA (U.S. citizen)

Cell: 858-***-****

**** ******* **., ********, ** 95008

ado9es@r.postjobfree.com

www.linkedin.com/in/kazushi-kimura-2a545760

Work History

**/****– 06/2019 - present

Upon returning to the U.S., started Tax Watch (full-time Tax & Accounting manager), (Oakland, CA)

Provide CPA services in the areas of U.S. GAAP, IFRS, U.S. taxation, audits (financial, operational and internal), finance, management consulting, financial analysis, business planning and so forth.

Currently, I assist Mike Fontanello, CPA on a temporary contract basis remotely due to coronavirus.

Help corporations in Japan register with the SEC in the U.S.

SEC-related work.

Investment banking

Finance - - please see accounting/finance that follows.

I have assisted local banks with their government reporting, extracting financial data and so forth.

U.S. and Japan Sox

As a CFO, I have managed financial planning for our client corporations; made sure that cash flow is appropriate to absorb expenses and special projects; assessed risk factors and made sure that they are within the reasonableness; I have supervised accounting department; I have audited appropriateness of internal control systems for accounting and reporting and written company policies.

Financial, internal and operational audits; business planning; financial analysis

Work as an independent contractor CPA in the area of audit (external and internal – fraud prevention SAS 99 and detection, forensic accounting, and operational audit), financial accounting and taxes (work as tax manager during tax seasons), SEC reporting, technical accounting, business/financial management (budgeting, financial forecasting, cash and risk management, what if analysis, and etc.) for small corporations.

Assist a group of CPAs in Japan with SEC regulations and reports (10-K, 10-Q, 8-K, 20-F and 6-K) and etc. Also, serializing articles on SEC reporting on Internet magazine (www.taxwatchtheworld.com).

Assist converting U.S. GAAP based financial statements to IFRS based. Took classes in IFRS at Kansai University in Osaka, Japan. I was in a PhD program for international taxation, though I am taking a break for now as I am taking on-line classes in Information Technologies.

I assist clients with construction and cost accounting. I have helped real estate investment companies with their accounting and tax matters.

I can work with Microsoft Office Suite, QuickBooks (desktop and online), Tax software, and PPC Audit. In addition, I have been learning NetSuite as well.

Research into U.S. GAAP, IFRS, GASB, GAGAS, non-profit accounting, and advise on U.S. taxation (domestic and international), income tax preparation (corporation, LLC, partnership, individual and trust), LACERTE and CCH ProSystem and give advice on the implementation of ASC 606 and 842 and etc.

I have handled ASC 740 extensively; and I update myself on US GAAP, U.S. tax laws and other technical matters.

I work with Shibata International CPAs in Japan to help companies register with the SEC and the OTC and also list their stocks on the NASDAQ and OTC stock markets. Assist in filing out SEC forms, such as Form F-1 and 20-F.

Assist manufacturing companies to manage cost accounting properly, update internal control systems, and so forth. Write reports on findings.

Consolidation

HR policies

Review compliance with government rules and regulations; industry standards.

Technical accounting experience in stock-based compensation, cost accounting, special projects. On top of ASC 660, revenue recognition procedures, and ASC 842, new lease accounting. Not much experience in gaming industry, but I have extensive experience in food industry, real estate industry and cash management.

60 hours a week. 30 hours a week for tax work.

04/2012 – 03/2013

Moved to Osaka, Japan to start a consulting business.

Osaka State Government, Osaka, Japan

Consultant (temporary contract)

Provided consulting work to primarily medium-sized manufacturing corporations in the Osaka area in Japan to assist them decide through a business plan and a cash flow projection if they should move their respective manufacturing operations to South-East Asia.

Reviewed local accounting standards and taxation to discuss these matters intelligently with CPAs in South-East Asian countries to zero in on items that differ greatly from Japanese GAAP and taxation.

Worked with the Chamber of Commerce in Osaka, Japan, which helped us in all aspects of

research.

40 hours a week

Temporary contract

01/1991 – 06/2011

K. Kimura & Co., CPAs (full-time) (San Gabriel, CA)

Managing Partner

Provided full CPA services:

(A)Tax

65 hours a week for tax work

Preparation of corporate income tax returns (regular C, S, and LLC); partnership; trust; tax compliance (estimated tax, adherence with IRS and Regulations, sales/use/property tax, and business tax;

Tax research; tax strategies depending upon objectives of clients; consolidation; M&A; due diligence/integration; verified the accuracy of opening balances of BS, booked adjusting entries and prepared financial statements; supported all corporate business development team activities vis-à-vis M&A; handled M&A from the outset, starting with growth plans, price negotiations, and analyses of financial statements and tax returns of the target companies, cash projections and so forth; took care of tax and accounting aspects of M&A; Section 382; SOX 404; and ASC 740 and FIN 48; in addition, researched into CFC taxes, the Tax Cut and Jobs of 2017 and its effects, R&D tax credits, and etc.;

High net individual tax saving strategies;

Business valuation - - to determine the fair market value of the business (CVA license);

Research into international taxation (cross border inbound and outbound); various tax forms to be filed to comply with U.S./international tax rules and regulations; tax jurisdiction; source of income rules; foreign tax credit; anti-deferral provisions; foreign currency translation and transactions; export benefits; planning for foreign operations; tax treaties; withholding on income of foreign persons in the U.S.; transfer pricing; planning for foreign-owned U.S. operations; outbound, inbound and foreign-to-foreign transfers of property; state taxation of international operations; and international tax practice and procedures;

Adjustment from book to tax;

Tax saving strategies for corporations (international and domestic);

Tax software - - LACERTE, tax research software IntelliConnect.

Management of business entities, such as a business plan, supervision of accounting departments, analysis of business performance, updating internal control systems, HR policies and so forth.

(B) Accounting/Finance

Review and compilation;

Assisted corporate clients with finance maters; negotiated with banks regarding loans,

Accounting/Financial statements; forensic accounting; US GAAP research; IFRS research; international business/accounting/taxation; governmental accounting & reporting as required (GASB); I can handle fund accounting, government-wide financial statements and etc.; treasury accounting and reconciliation;

Cost accounting - - COGS, inventory, (taking physical inventory), standard costing, job costing, process costing, FIFO, LIFO, weighted Average, and so forth. I worked as Controller/CFO for some of our manufacturing corporate clients, whose annual revenue ranged from $10 million to $20 million to $100 million;

I have assisted manufacturing companies, such as Komatsu Limited, world No. 2 manufacturer of manufacturing equipment, military hardware and etc., water pumps that heat up water instantly, cosmetics, plastics and furniture in Japan with preparation of financial statements, tax returns, financial audits and so forth;

Assisted corporate clients with finance matters with banks, such as loans, debt equity restructuring, M&A, line of credits and so forth.

Construction accounting/Real Estate Investment (construction & lease)/investment accounting. Audited a large public construction company (Taisei Construction) and a large private real estate investment company called Shuwa Investment. Worked as Project Manager of construction projects to make certain that the projects were completed in time and within the budget and billing were collected in a timely manner;

Accounting for banks, Savings and Loans and mortgage companies and entertainment industry (movies).

Provided management services, which include budgeting, forecasting, cash/risk management, internal audit of operations, financial analysis, company business plans and etc.;

I have handled technical accounting, involving, for instance, ASC 606, 842, investments, derivatives and M&A. and written reports on them. Also managed monthly and year-end adjusting entries; budget vs. actual; investigation of variance; utilization financial ratios to highlight profitability of each department computed based on valid analyses;

Wrote reports to department heads on improvements and causes of poor performance; Internal control systems (reporting and operations) ; financial ratio analysis of income and expense as compared to prior years; lease analysis ASC 840-842; revenue recognition for software SOP No. 97-2, ASC 985 cost of software; revenue recognition ASC 605, 606 for contracts with customers; goodwill and other assets and deferred costs ASC 350-40; consolidation; FAS 123R (ASC 718 - stock-based compensation); accounting for investments; accounting for derivatives and hedging; IFRS; ASC 740 (FAS 109); non-profit accounting.

I have worked as an interim controller for a not-for-profit organization. General ledger; cost/inventory accounting - - Standard costing, job costing and process costing; variance analysis, and cost/price analysis; and ERP (NetSuite) experience: we introduced NetSuite for a corporate client, which is engaged in manufacturing, retail, E-commerce and repair service;

Revenue recognition and M&A due diligence and accounting (consolidation) – I have dealt with M&A from negotiation of price to due diligence, acquisition accounting, and consolidation and to integration;

ASC 740;

Accounting Research (U.S. GAAP, GASB, IFRS, SEC Rules and Regulations);

Worked as a controller/CFO for several manufacturing corporate clients, whose annual revenue ranged from $15 million to $25 million on the average. Supervised accounting departments, some of which have up to 15 employees and trained them. Helped with budgeting, forecasting of cash flows and outflows, financing, business plans, human resources matters and so forth.

(C) Audit

On a consistent basis, provided internal audit services to check up on the effectiveness of internal control systems, the test of productivity and profitability level, by means of performing operation audit, to find out any needs for changes and/or upgrading of the company systems, such as accounting software;

Risk management as defined in ISO 31000, including fraud prevention and detection. Also, Losses attributable to operational risk are a significant factor in Comprehensive Capital Analysis and Review (CCAR) loss projections for many banks. The CCAR process has matured, with regulators and financial institutions learning from each other in an ongoing and reinforcing cycle. Initially, the greater focus was on credit and market risk. But now the significant regulatory focus has shifted to operational risk;

An emerging regulatory focus—in line with sound day-to-day risk management—is to ensure that the CCAR loss estimation framework will be firmly grounded on the institution’s regular operational risk management process. In other words, the CCAR estimation can’t be a discrete process divorced from the institution’s operational control, monitoring, and mitigation functions. This is a key consideration as institutions design and evolves their CCAR operational loss framework to be more efficient, streamlined, and cost-efficient;

I have read up on Comprehensive Capital Analysis and Review (CCAR) 2011 and FR-Y-14Q, objective of which is to collect data on bank holding companies’ (BHC) and intermediate holding companies’ various asset classes, capital components, and categories of pre-provision net revenue (PPNR) on a quarterly basis. As a result, I have a good understanding of these matters;

I have audited banks and savings and loans (mortgage companies) in Southern California for five years and dealt with banking regulations and other bank-related mattes while I was with Ernst & Young;

Studied: AICPA Audit and accounting guide: Depository and lending institutions: Banks and savings institutions, credit unions, finance companies and mortgage companies; Depository and lending institutions: Banks and savings institutions, credit unions, finance companies and mortgage companies; Certain Financial Institutions and Entities That Lend to or Finance the others;

Internal audit experience: While I was on my own as a CPA, I worked as an external auditor as well as internal auditor. I performed audit of operations to test the effectiveness and efficiency of operational systems. My objectives while working as an Internal Auditor were as follows:

a)Effectiveness and efficiency of operations

b)Reliability of financial and management reporting

c)Compliance with laws and regulations

d)Safeguarding of Assets, including fraud detection and prevention

Also, I discussed with company management and prepared an annual audit plan indicating the areas of the focus of internal auditing efforts. After performing audit procedures, I prepared an audit report, which was presented to the company management for their review. In my report, I elaborated on the following points:

a)Condition: What is the particular problem identified

b)Criteria: What is the standard that was not met?

c)Cause: Why did the problem occur?

d)Consequence: What is the risk/negative outcome because of the finding?

e)Corrective action: What should management do about the finding?

Performed SOX audits for American subsidiaries of public companies in Japan. I have audited public and non-public companies, their internal control systems, financial statements and operations. I have prepared audit programs for internal control systems testing and for substantive testing. I am familiar with COSO Framework and Sarbanes-Oxley Act (SOX);

In addition, SAS No. 99 fraud detection was considered in our audit of internal control systems. I have performed financial ratio analyses to help identify problem areas in business processes, operations, to evaluate performance in conjunction with an operational audit. I have prepared audit programs for internal control systems and substantive testing and documented the findings in work papers; I have also incorporated consideration of internal audit from the standpoints of financial and operational audits and fraud detection;

I have audited health-care non-profit organizations and so I am familiar with its accounting system, business procedures, structures and government regulations and so forth;

Also, I have prepared manuals on accounting policies and procedures, such as, for example, for the purposes of revenue recognition, compliance with government rules and regulations, and so forth, to produce the most effective and efficient internal control systems and accounting practice guides;

Assisted in filing SEC reporting for parent companies of our US subsidiary clients. Dealt with 20-F and 6-K for a foreign private issuer, such as Wacoal Corp. While I was Audit Manager, I assisted with preparing SEC reporting, such as Form 10-K, 10-Q, and 8-K. In addition, I serialize articles on SEC reporting on the Internet magazine called Tax Watch (www.taxwatchtheworld.com) as part of my consulting services on SEC reporting (Form 10-K, 10-Q, 8-K) for professionals in Japan.

01/1985 – 07/1990

Ernst & Young (audit manager- full-time) Los Angeles, CA

65 hours a week

Audited public and non-public companies, including large real investment company, construction company, such as Taisei Construction highly regarded public company, banks, savings and loans (I have dealt with Comprehensive Capital Analysis and Review, FR Y-14A, FR Y-14Q, and FR Y-14M), a city government, non-profit organizations, and etc.

I have audited internal control systems for their effectiveness.

I have audited a local government.

Prepared audit programs, reviewed audit staffs’ work papers and trained them.

Assisted our public company clients with filing SEC reports, such as Form 10-K, 10-Q, and 8-K. (Sumitomo Corp, Komatsu Ltd, and Sekisui House, Ltd).

Education:

Master of Science in U.S. taxation – Washington Institute for Graduate Studies

Bachelor of Science/equivalent in accounting – California State University, Hayward

Bachelor of Science – Information Technology, Grand Canyon University, Phoenix, AZ

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