Auditing - Internal Auditing and Risk Management

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Internal Auditing and Risk Management

Internal auditing is a valuable tool that helps organizations and businesses streamline their financial activities and strengthen their control and management mechanisms. Our firm’s team of experts accompanies many organizations and businesses in internal control and thoroughly and deeply examines the entire scope of their activities. The process includes identifying potential deficiencies and proposing practical ways for improvement, preventing financial and operational risks, and ensuring full compliance with legal requirements and internal protocols. This is done with the aim of conserving resources and increasing the trust of stakeholders (management, regulatory bodies, and business partners) in the organization’s proper operation.

Non-Profit Organizations and Associations

Non-profit organizations and Associations in Israel with an annual turnover exceeding NIS 10 million are legally obligated to appoint an internal auditor. We accompany many organizations in examining internal organizational processes, conducting internal, in-depth, and special audits as needed, to ensure that the organization operates in accordance with legal provisions and internal procedures established in protocols. Our experts offer suggestions for improving and streamlining processes, assist in defining new procedures that will ease management and save resources, and help the organization fulfill its mission and objectives.

Private International Companies

International companies with branches around the world, which are required to report to the parent company, often find themselves in a state of disorder due to different management methods. In this situation, internal control helps define and maintain proper management in each branch, in accordance with the parent company’s directives.

Our department’s experts help many private companies analyze their work processes, write financial procedures, build a proper and efficient management infrastructure, and supervise that tasks are implemented correctly. The process includes addressing tax laws in different countries and their impact on the branches and the parent company.

department services

Auditing internal systems and processes to reduce exposures and ensure proper management:
  • Mapping business processes and identifying points of failure.
  • Examining internal controls and key controls.
  • Fraud and anomaly detection in the organization's financial system.
  • Managing financial, regulatory, and operational risks.
  • Guidance in implementing risk management and internal audit systems.

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