At our firm, we believe that it is of paramount importance to address the overall organizational activity that stands behind the accounting values. An...
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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
Risks are unavoidable, but they can be properly managed. The control services field, which demands objectivity and special expertise, has in recent years...
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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
Our company's Safety and Hygiene Department is managed byErez Maimon, former head of the Occupational Safety and Health Administration at the Ministry of...
Many companies face significant business decisions which may have an impact on their future. The know-how amassed by Fahn Kanne Consulting will assist you in...
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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
Many companies face significant business decisions which may have an impact on their future. The know-how amassed by Fahn Kanne Consulting will assist you in...
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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.
Tax issues require correct planning. In our global village, there are many tax issues that should be addressed and planned in advance.
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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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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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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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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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Tax Aspects of Virtual Currency Activity in Israel
Virtual currencies (cryptographic) are gaining increasing interest among many entities in the global economy, for investment and trading purposes. In addition, in recent years, many start-ups have been established in Israel in the field of blockchain, the technology on which the field of virtual currencies is based, in order to offer advanced technological solutions to various issues.
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Trust Taxation
Trust Taxation
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Capital investment incentives
Encouraging capital investment
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Individual taxation
Individual taxation
Trust, Management and Supervision Department at Fahn Kanne Grant Thornton Israel provides services in the field of trusts and supervision. The services:...
Efficient outsourcing services that are crucial to the future of the organization
To obtain the best of these services for your business, you need a team of...
Fahn Kanne Grant Thornton Israel together with "Good Vision", Israel's leading consulting firm in the area of planning and management of corporate social...
Technology and Life Sciences – We have the knowledge and skills set that your company needs during its various stages.
Phahan Kanne Government & Public Sector
Blockchain
In the State of Israel, there are over 38,000 societies (known by their Hebrew name “Amuta” (plural – “Amutott”) and charitable corporations that belong to the...
As one of the leading specialist advisers to the construction and real estate industry, we provide seamless solutions incorporating taxation, audit and...
למשרדנו למעלה מ- 60 שנות ניסיון בענף ומשמש כרואה החשבון של מעל ל- 100 חברות יהלומנים, ביניהן חברות ישראליות רבות עם בעלי מניות זרים, מוסדות הבורסה ליהלומים:...
job, finding a job, accounting
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...
Capabilities in the diamond industry
Our firm has over 60 years of experience in the industry and serves as the accountant for over 100 diamond companies, including many Israeli companies with foreign shareholders, Diamond Exchange institutions: the Israel Diamond Institute, the Diamond Museum, the Diamond Technology Institute and others.
Our firm is considered one of the largest firms providing accounting services to the diamond industry thanks to the knowhow, experience and professionalism we accumulated over many years of activity.
Our firm has been approved by the English company DeBeers and the Russian company Alrosa for the purpose of submitting financial statements in accordance with international standards.
About our department, its directors and its staff
Some of the department's employees are the successors of the first accountants in Israel. The original firm was established in the early 1950s by two CPAs, Frommer & Tregatch, of blessed memory, and it specialized in accounting for all sectors of the economy. At the end of 1971, Tzali Reshef, CPA, Frommer's son-in-law, joined that firm and he currently serves as a senior manager in the Diamond department at Fahn Kanne. In 1997, Amir Reshef, CPA and attorney, (Frommer's grandson and Tzali Reshef’s son) joined the firm, and he is currently a partner at Fahn Kanne & Co. and the manager of the Diamond department.
The firm is located in Kibbutz Hagoshrim and has a branch in the Ramat Gan Stock Exchange complex. The firm employs six accountants, as well as bookkeepers and tax consultants. All of them, except for our firm's representative on the Ramat Gan Stock Exchange, are residents of the Galilee.
The department’s expertise and its clients
The department provides accounting and auditing services, as well as many related services such as taxation, business consulting and accompaniment, economic services, bookkeeping services, payroll controllership and labor law-related services. The department's employees are known for their high level of professionalism, availability and courtesy to clients, and use of the best technologies at its disposal.
Over the many years of activity of the department's directors, they have accumulated a great deal of know-how and have developed expertise in accounting for various industries such as: commerce and services, diamond dealers, tourism, non-profit organizations, real estate, industry, restaurants, insurance, etc. It should be noted that the department also serves as the largest diamond department in the State of Israel.
Our firm's clients are diverse and numerous, and our client list includes entities such as companies (including government companies), associations and non-profit organizations, the kibbutz industry, partnerships, and self-employed individuals. Some of our clients have affiliated companies in Israel and abroad and some of our clients have annual turnover volumes in excess of NIS 1 billion.
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Get in touch
Amir Reshef
Partner, Diamond Department Director