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Accounting and Auditing
The company specializes in Israeli accounting and auditing rules (Israeli GAAP), International (IFRS) and American, US GAAP, and provides services to private and public companies, non-profit institutions, partnerships, government offices, local authorities, individuals, etc.
The company has PCAOB (Public Company Accounting Oversight Board) approval and authorization to report to the SEC (U.S. Security and Exchange Commission), issued by the U.S. Securities and Exchange Commission which allows the company to audit and sign the opinions of U.S. publicly traded companies' reports.
The company's accounting and auditing services include:
• Audit and review of financial statements.
• Preparation of financial statements, mostly in keeping with the guidelines of the Securities Authority.
• Audit of performance and other reports for funding bodies and / or supervisors.
• Counseling on accounting issues.
• Preparation of prospectuses and accompaniment for issuing processes in Israel and around the world.
• Preparation of accounting and expert opinions.
• Expert opinion for judiciary purpose.
International taxation and taxation in Israel
The Tax department specializes in various tax laws and handles local and international tax planning and consulting.
Membership in the international network of BKR INTERNATIONAL provides the tax department with a broad platform for collaborations with tax experts around the world and the ability to advise on tax issues related to international taxation.
The company's tax service includes:
• Representation before the various tax authorities.
• Preparation of all legal tax returns required from businesses in Israel, partner companies and individuals
• Planning and accompanying structural changes, including mergers, acquisitions and liquidations.
• Transfer prices - advice, guidance and assistance in determining transfer prices in inter-social transactions.
• Opinion on tax issues.
• International tax.
• Accompaniment and advice in individual taxation.
• Advice regarding options for employees and others.
• Advice on incentives and tax benefits under incentive laws
Internal Audit and SOX Department
The Internal Audit Department deals with internal audit, consulting in risk management and risk surveys, support in implementation and audit of regulations such as: SOX 404, SOX 302 and in the Goshen Board.
The department has customers from various sectors of the economy - industry, commerce, services, non-profit organizations, funds and provident funds, research, development and more.
Most of our audited organizations are among the leading companies in the economy having complex organizational or operational structures.
The services of the company's internal audit department include:
• Conducting internal audits according to an annual internal audit plan and in compliance with Internal Audit Law, Companies Law and requirements of the Securities Authority.
• Mapping business processes and identifying weak points and potential risks in the work processes.
• Conducting a risk survey to detect exposures.
• Performing quality control and implementation audit of existing controls in the organization.
Bookkeeping and accounting services
The department provides accounting, bookkeeping and financial management services intended primarily for international companies holding companies in Israel requiring reliable financial management and periodic reporting.
In light of the requirements of the Israeli Securities Authority and the PCAOB in the United States to separate the audit and financial reporting services, we also provide financial reporting services to companies where the rules of the Securities Authority or the PCAOB applies (ie US GAAP or IFRS respectively) and who are not clients of the company in the field of auditing.
Services include:
• Building a financial forecast.
• Managing cash flows.
• Contact with affiliated companies abroad.
• Analysis of income model and expenditure structure.
• Management of activities with banks.
• Management reports for the company's management.
• Making payments to suppliers.
• Ongoing advice and accompaniment to management.
• Budget building and control (budget versus execution).
• Implementation of financial control tools.
• Establishment of profit centers and their control.
• Analysis of the financial statements.
• Construction of costing and control.
• Economic analyzes.
• Formulation of streamlining and saving moves.
• Quarterly and annual financial statements (IFRS, US GAAP, Securities Regulations and PCAOB Guidelines).
Trust Fund Services
The firm specializes in opening and managing bank accounts in trust complying with signed trust agreements.
The services offered through the trust account include:
• Handling of tax payments.
• Handling of salary and social security payments.
• Adherence to companies and businesses as demanded by the trust agreement.
• Accounting and financial assistance to attorneys engaged in trust.
• Handling of trust in purchase group funds.