Audit & Control

Do any of these audit-time surprises sound familiar?

1) Reports have been submitted to the authorities/investors, but you do not fully see or understand the business results?

2) You have discovered unused tax benefits and it is already too late to exercise them?

3) High tax payments that come as a surprise?

An accountant is required by law to perform the corporation’s financial audit in accordance with accepted accounting standards, where in the end, an opinion will be given as to whether the financial statements adequately reflect the financial situation of the audited entity.

As a result of the audit report, findings emerge that may contribute to the business such as – economic, managerial and taxation findings. These findings are forwarded to the audited body after the audit, along with various recommendations that are expected to contribute to the audited body.

When our firm conducts audit reports we do so throughout the audit year: we examine the economic results, the factors and possibilities for growth, the management method and the need for change in order to make improvements, a multi-year taxation examination to find points for tax reduction and finding opportunities to save on time and updating the advances paid accordingly, all in real-time. Performing these actions saves you from the unpleasant “surprises” mentioned above, saves you interest on late payments and gives you peace of mind .

The services we provide:

• Auditing financial statements of companies

• Auditing financial statements of non-profit organizations

• Auditing financial statements in a variety of fields and industries

Organizations are at times required to conduct internal audits according to the law or as necessary. Such audits may be required in the event of:

• Discovered embezzlements.

• Inefficient processes.

• Untrained staff.

• Defects requiring repair discovered after damage has been caused.

• Missed improvements.

• Hidden unemployment.

• Unreliable computer systems.

• Ineffective computer controls.

• Lack of control over computer use.

• Failure to comply with provisions of the law, and more.

Our firm has knowledge and experience in ongoing work with business clients, non-profit organizations, and governmental agencies. We emphasize human relationships and provide proactive and professional support during the audits. In our work, much use is made of outlining operative tools for our clients to improve control performance and better financial capacity in order for them to conduct business in a proper manner in the accounting, financial, economic, and legal aspects.

Based on the experience we have gained in carrying out projects and leading organizational processes, we tend to use a variety of technological means to carry out the control processes in the organization, thus improving the quality of the data and findings.

The use of advanced technology immeasurably improves the quality and depth of the audit as it allows us to increase the sample, which covers up to 100% of the auditee’s data rather than a minimal sample test that is suitable for a manual test, and it also allows cross-checking between data from different systems and checks the quality of data transfer between the different systems in the entity.

Our firm has a CPA team including those certified in information systems auditing by the Israeli Association for Information Systems Audit and Security (ISACA).

We perform internal audit, financial audit, information-systems audit, Big Data audit and more - for businesses, non-profits and government bodies. These tools enable in-depth analysis of all the organization's data and the detection of anomalies, deficiencies and risks on a broad scale.

If it is also important for you to have order and control in your organization, contact us as soon as possible.