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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
Corporate social responsibility
Community Service at Grant Thornton Israel.
About “A Different Lesson” – The not-for-profit organization acts to provide equal opportunities in education and encourages significant involvement of the public in the educational system. The goals of the “A Different Lesson” are to create a bridge between citizens with various occupational backgrounds and students at schools coming from the weaker parts of the population, in order to promote these students to a place of development and growth.
As part of this voluntary work, our employees were sent out by the organization into various schools where they taught classes on different experiential topics.
One of the important objectives of our firm as part of this activity is to raise the level of self-confidence of the students, to place before them a high aspirational threshold and to serve as personal examples of successful people who overcame impediments and attained significant achievements.
This year was the second year that were sent to the "Hammer" school in the Tel Aviv suburb of Bat Yam.
From the very outset at our initial meeting with the principal and the teacher, we felt how appreciated we were by the school, how important this initiative is and how happy we were to have come to the school.
As part of this year's project, we had the privilege of getting to know the eighth grade class at the Hammer schools. The class had a student body of 19 pupils, 19 children who we found to be full of so much good!
Once a week, over a two month period, we came to the school, either one volunteer or a pair of volunteers together, to teach a class. The topics of the lessons were different and varied: Dreams, Israeli sports, the personal stories of the volunteer, the work as a value, who wants to be a billionaire, what is accounting, and a lesson on the Israel Defense Forces (which is mandatory service for 18 year old young men and women).
Each lesson was taught differently, but one thing stood out very clearly – the experience was amazing for both the pupils and for the volunteers.
The volunteers exchanged emails among them with the major theme being the amazing experience that permeated the meetings. The feelings that were expressed included the thrill, the happiness and "boy, I wouldn't have missed that for anything".
About a week ago, at our closing meeting, the pupils came to our office, accompanied by their wonderful homeroom teacher who, throughout the two month period, provided support, advice and praise of our efforts.
The pupils met up with the volunteers at the office and reminded each volunteer about the lesson he/she taught – "hey, you spoke about the IDF", "you showed us that a lesson could be different" or "where is the teacher who taught us about …?", etc.
We gave them a tour of the office and they showed amazement at things that we adults almost don't even notice. For example, they stood hypnotized when looking at one of the employees operated the report binding machine. When they came to office of Doron, the partner responsible for the entire volunteer project, they came in and felt right at home.
As part of the closing meeting, Doron spoke to the pupils about our work. They responded with questions showing interest in the work and the business trip to India that he was planning at the time. The atmosphere was very pleasant, friendly, emotional, thankful and respectful.
We gave them all certificates of completion of the course, with excellence. They certainly earned them. The pupils responded by reading an appropriate piece and thanked us sincerely.
The words that permeated the closing meeting were "thank you". Everyone gave thanks. Thanks to the chaperons, thanks to the homeroom teacher and thanks to the pupils for the very experiential and pleasurable project.
Netanel, the teacher, summed things up as follows:
"A Different Lesson" project from my standpoint and from the standpoint of the class was a rousing success. The pupils received a tremendous amount from you, whether it was about looking at life from a different vantage point or thinking about the future and making the pupils think about their desires and dreams.
The teaching staff at the school has noticed recently that there has been a marked improvement in the motivation of the class and they even made note of this at pedagogical meetings held at the school.
I am sure that the "A Different Lesson" project played a significant part in bringing about this change. All of the staff members sent by you were very talented. They succeeded in touching the pupil's hearts and in increasing their motivation to succeed.
Many thanks from the bottom of my heart."