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Financial statement auditing
A Company’s financial statements constitute an important management tool that contributes to the ability to analyze and evaluate the organization's performance, both in the operational field and in the financial field.
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Financial statement preparation
The independence principle has to be upheld. Companies have to get used to the fact that regulatory requirements prohibit their auditors from assisting them in preparing their financial statements.
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Additional services as part of the audit process
Assistance and consulting on solving accounting problems
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Internal audit
Fahn Kanne Control Management Ltd. Grant Thornton Israel renders internal auditing and control services to a broad range of entities. During the course of an internal audit, we utilize the services of experts from other departments, based on the nature and the needs of the audit: Information systems audit department, forensic accounting department, payroll control department, financial control department, etc. Contact us: info@il.gt.com
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Sarbanes Oxley Implementation
Fahn Kanne Control Management will assist you in preparing the company for the requirements of article 404 of the Sarbanes Oxley Act (SOX). Our firm has extensive experience in implementing SOX at dozens of companies, using the methodology of Grant Thornton International.
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Auditing the quality of the internal audit (QAR)
Yossi Ginossar, CEO of Fahn Kanne Control Management Ltd. Grant Thornton Israel possesses the required certification to conduct assessments of the quality control of internal audit framework (QAR). A number of entities in Israel have adopted standards 1300 and 1321 of the International Association of Internal Auditors (IIA) that stipulates that firms must have a third-party consultant perform an assessment of the quality control of their internal audit framework (QAR). Contact Yossi: yossi.ginossar@il.gt.com
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Risk Management
Our team has extensive experience in evaluation and management of risks and controls. We are assisted by one of the world's most advanced international methodologies, in order to properly evaluate the business processes.
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Forensic services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Fraud and embezzlement prevention
What is a multi-year plan for the prevention of embezzlements? It is much more economical to take appropriate measures to prevent embezzlements from being perpetrated. The multi-year plan serves as a tool that assists the organization in contending with frauds and embezzlements risk. Shay Medina, CPA, Partner at Fahn Kanne Control Management Ltd. Grant Thornton Israel and Head of Investigative Accounting Department specializes in conducting these plans. Contact Shay: Shay.Medina@il.gt.com
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Information systems auditing
The threats against the organizational information systems are many and varied. therefore, protecting and securing them is of paramount importance. Fahn Kanne Control Management Grant Thornton Israel has the know-how and experience in the fields of auditing together with information systems and therefore provides Information systems auditing.
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Service Organization Control Report (SOC 1 2 3)
Fahn Kanne Control Management Ltd. Grant Thornton Israel possess the know-how that is needed to provide examination of the fairness of controls - we render SOC services, including: A SOC-1 report based in standards ISAE 3402 / SSAE 16 (formerly SAS 70) and Checking the preparations and preparedness for compliance with the requirements of the standard. Contact us: yisrael.gewirtz@il.gt.com
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BlockChain & Cryptocurrency
Blockchain, the technology behind digital currency in Bitcoin, has been unleashed. Given the interest in blockchain beyond financial services in the service, transportation, business and government sectors - it is gaining momentum.
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Privacy Protection GDPR
Privacy Protection GDPR
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Payroll control
The control reports that we at Fahn Kanne Control Management Ltd. Grant Thornton Israel design for our clients include deviance reports: checking the payment of the same salary component twice, payment of salary components that contradict one another, payment of salaries to fictitious employees, granting salary raises at unreasonable intervals, payment of a salary component in an amount that is unreasonable, etc. Contact us: Roei.Simhy@il.gt.com
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Business consulting
Many companies face significant business decisions which may have an impact on their future.
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Dispute advisory
Dispute advisory
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Due Diligence
Fahn Kanne's advisory team provides robust due diligence services that are linked to our clients’ requirements.
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Innovation and Incentives support
The Incentives department offers a full range of consulting services. From fund raising and management of local and international R&D funds, submission to international tenders and more.
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Valuations
Are you involved in a transaction, dispute or re-structuring your business? The value of your business and its assets will be a critical commercial consideration. Is litigation a possibility? A professional valuation is often the key to securing a fair settlement. Expert opinions are an inherent part of our offering.
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International services
International services
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Data analytics
With the ever-increasing reliance on information technologies at many organizations, the risk levels related to these technologies and to the processes supported by them continue to grow. The dedicated information systems consultancy department at Fahn Kanne Grant Thornton Israel, specializes in various IT issues: IT Advisory, Data analysis, Service bureaus. Contact us: amiel.attias@il.gt.com
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Liquidations receiverships and special management
Liquidations receiverships and special management
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People advisory
People advisory
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Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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Strategy
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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Transactional advisory services
Our dedicated business consulting team consists of experienced professions with expertise in the area of mergers & acquisitions.
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Financial sevices
We, at Fahn Kanne Consulting Ltd. Grant Thornton Israel provide a unique and strategic viewpoint on current banking issues. Our srvices include: Accompanying debt arrangements with banks, Valuations for banks and credit portfolios, Validation of models of structured products for banks and more. Visit our website to learn more about our services.
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Litigation support
Litigation support
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Corporate finance
Many companies face significant business decisions which may have an impact on their future.
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Debt advisory
All-time low interest rates across Europe and the USA have resulted in investors looking to find new ways to generate a return on their cash.
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Financial modelling
Models are at the heart of all business decisions. Whether you're looking to raise finance, buy or sell a business, assess strategic options, or just plan for the future, you're going to need a forecast. This is likely to come from a financial model.
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Operational deal services
The due diligence checks the accounting records, liabilities to employees, non-bank guarantees, the existence of hidden commitments, and the existence of surplus assets that the prior owners are attempting to remove from the company. Examining these parameters helps to reduce the risk to the investor in acquiring a company. Contact us: Mickey.Blumenthal@il.gt.com
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Restructuring
The due diligence checks the accounting records, liabilities to employees, non-bank guarantees, the existence of hidden commitments, and the existence of surplus assets that the prior owners are attempting to remove from the company. Examining these parameters helps to reduce the risk to the investor in acquiring a company. Contact us: Mickey.Blumenthal@il.gt.com
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Transaction services
Fahn Kanne's professional staff will assist you through all phases of the transaction to achieve the most optimal results, and to execute transactions for the long-term.
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Valuations
Fahn Kanne's valuation team has extensive knowledge, international reach and technical expertise to help organizations measure value and make better, more informed decisions.
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International taxation
The world is a global village, with companies operating concurrently in different countries and contending with wide range of international tax issues. You need to advise with international tax experts! The International tax department of Fahn Kanne Grant Thornton Israel provides Professional services: Planning tax structures, accompaniment of investment transactions and activities, foreign VAT, transfer pricing, relocation issues, etc. Contact us: Shay.Moyal@il.gt.com
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International taxation
The world is a global village, with companies operating concurrently in different countries and contending with wide range of international tax issues. You need to advise with international tax experts! The International tax department of Fahn Kanne Grant Thornton Israel provides Professional services: Planning tax structures, accompaniment of investment transactions and activities, foreign VAT, transfer pricing, relocation issues, etc. Contact us: Shay.Moyal@il.gt.com
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Transfer pricing
The transfer pricing department at Fahn Kanne recognizes the need to meet the regulatory requirements concerning transfer pricing, while preserving efficiency versus cost and reducing possible tax exposure. Our firm provides an overall solution that is tailored to the needs of the client, the goals of the organization and the nature of the transaction.
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Trust Taxation
Trust Taxation
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Indirect international tax
Fahn Kanne's Tax Department has expertise in the field of indirect taxation, including accompaniment, handling and consulting on a range of issues in the field of indirect taxation, including Value Added Tax, excise tax and customs. These issues may have a significant impact on the results of operations of many companies.
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U.S. taxation
The members of Fahn Kanne’s U.S. taxation team provide services regarding compliance and consulting on a large number of complex transactions at the local, national and international levels. Our client base includes large corporations, international businesses, family businesses, local businessmen and others. We provide tailored assistance with a high level of partner involvement.
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Capital investment incentives
Encouraging capital investment
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Individual taxation
Individual taxation
About Us
Go Beyond - Move forward together
Fahn Kanne & Co. is one of Israel’s leading CPA firms, ranked among the largest six in the country. The firm is large from the standpoint of its ability to provide high quality professional services in a wide variety of disciplines, but it is not too sizeable so its able to provide those services with a personal touch.
The firm consists of partners and managers with rich experience in both the practical aspects of the profession and in the academic world, and is serviced by a staff of about 370 employees. The service rendered to the clients of the firm is based on an in-depth knowledge of the client’s business and the environment in which they operate.
The firm accompanies publicly traded companies on the Tel Aviv Stock Exchange and foreign exchanges, as well as multinationals, private companies, local authorities, government ministries and not-for-profit organizations. The firm handles IPOs of companies on different stock exchanges and is well-known and respected by underwriters, authorities and institutional entities. Control services activities are carried out by subsidiary, Fahn Kanne Control Management Ltd. and consulting activities are handled by another subsidiary, Fahn Kanne Consulting Ltd. These firms constitute the Israeli arm of Grant Thornton’s Advisory Services (AS).
The firm has branches in Haifa and Jerusalem which handle accounting services rendered to a broad variety of companies and organizations operating in those areas.
International Presence
Fahn Kanne & Co. Grant Thornton Israel is a member firm within Grant Thornton. Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms.
These firms help dynamic organisations unlock their potential for growth by providing meaningful, forward looking advice. Proactive teams, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions. More than 50,000 Grant Thornton people, across over 130 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work.
Professional Services
Auditing and Accounting - Financial statements are an important management tool that contribute to the analytical capabilities of a company and its ability to properly evaluate the performance of the organization.
The firm operates under this approach and incorporates international capabilities, a broad business vision and high partner involvement in handling the audit of its clients. The department is staffed by experts having professional know-how and expertise that allow them to render services in accordance with Israeli accounting standards, International Financial Reporting Standards (IFRS) and US GAAP.
Business Risk, Forensic and Investigation Services
Fahn Kanne Control Management Ltd. is considered the leading provider of these services in Israel.
The firm has a staff of about 80 professionals, and has developed a variety of services, as follows: Internal auditing that incorporates expertise in hi-tech companies, real estate and companies operating abroad;
control services including Sarbanes - Oxley implementations; risk assessments; computerized payroll control; services in the field of information systems, including information security, Data leakage prevention, DRP, project management, system development, etc.; investigative forensic auditing which includes investigative accounting, preventative investigative accounting, which includes mapping the risks of fraud and embezzlement.
Economic and Business Consulting Services - Fahn Kanne Consulting Ltd. deals with business and economic consulting services, including valuations, fair value estimations for financial reporting purposes, transaction advisory services, mergers & acquisitions, legal opinions for use in litigation, business risk management, the government sector, infrastructures, project financing, and recovery and rehabilitation of companies.
The firm also specializes in finance, banking and insurance and has special expertise in the debt market and in compiling and operating models for use in valuations of financial instruments.
Tax and International Taxation Department - Provides comprehensive tax consulting services in all areas of taxation to a long list of clients and it has vast experience in handling complex tax issues and in accompanying transactions and investment activity in Israel and abroad.
Technology and Life Sciences Department - Specializes in supporting companies (including startups) in technology, biotechnology, biomedicine, cleantech, Internet, information systems, etc.
Incentives Department
Provides support and consulting for raising and managing domestic and international R&D grants, international tender bids and more.
Not for Profit Department - Provides professional support tailored to the complex challenges facing nonprofit organizations.
Trust, Management and Supervision Department - Services include support and supervision of monetary transfers and allocations, trustee and supervision services and management of employee stock option plans.
Diamond Department - Reshef Bezalel, Amir & Co. (Reshef), has merged with Fahn Kanne & Co. Grant Thornton Israel. Reshef is an accounting firm, specializing in the diamond industry and handling a significant part of the that industry.
Awards
Grant Thornton is an award-winning globally recognised professional services firm. Here are some of our awards: