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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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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
Privacy policy
Grant Thornton International Ltd (GTIL) wants to protect the privacy of visitors to our website. Please read the following policy; it will help you to understand how we use your personal data. We may change our privacy policy at any time without giving you notice, so please check it each time you visit our website.
What personal data do we collect?
We log your Internet Protocol (IP) address in order to receive and send information from and to you over the internet.
When you visit our website, make an enquiry, order publications or request more information, you may be asked to provide some personal data such as your name, address, telephone number and e-mail address. In the event you decide to provide personal data, this policy will apply.
Cookies
What is a Cookie
A cookie is a small piece of data or message that is sent from an organisation's web server to your web browser and is then stored on your hard drive. Cookies can't read data off your hard drive or cookie files created by other sites, and do not damage your system.
This Privacy Policy
This Privacy Policy relates to Personal Data which has been gathered and processed through the website www.GrantThornton.co.il as well as the websites hosted under the aforementioned domain (the "Website") of Fahn Kanne Grant Thornton Israel, Certified Public Accountants (Registered Partnership) ("Fahn Kanne", "We").
This Privacy Policy is intended to publicize and explain the Website's Privacy Policy regarding the gathering, use and transfer to third parties of personal identifying information ("Personal Data") which is gathered in connection with the use of the Website.
This Privacy Policy is an integral part of the Website Terms. By using/browsing the Website, you agree to this policy, and in particular to the gathering and use of the information as described hereinafter. Terms which are not explicitly defined in this document shall have the meanings given to them in the Website Terms.
The headings and sub-headings are for convenience only, and are not to be used for the purpose of interpreting the Privacy Policy or any of its provisions.
For the avoidance of doubt, this Privacy Policy applies to the gathering of Personal Data through the Website and does not apply to any other offline activity of Fahn Kanne.
General
Fahn Kanne is part of an international network of independent accounting, tax and consulting companies ("GRANT THORNTON Network Members") which provide professional services under the name of GRANT THORNTON ("GRANT THORNTON").
Each GRANT THORNTON Network Member is a separate legal entity and is not liable for the acts and/or omissions of other companies in the network. The arrangements or rules of the GRANT THORNTON network do not constitute or imply the existence of an agency or partnership relationship between the GRANT THORNTON Network Members.
This Privacy Policy applies to the Website only and does not apply to GRANT THORNTON websites in other locations around the world, unless they expressly refer to this Privacy Policy.
Please note that websites of GRANT THORNTON Network Members, the links to which are shown on the Website www.GrantThornton.co.il are the responsibility of the relevant GRANT THORNTON Network Members or related companies which manage those websites, and are not the responsibility of Fahn Kanne. Moreover, the Privacy Policy detailed in this document do not apply to other websites which are linked to this website unless stated otherwise in their privacy policies. Before transferring any Personal Data, We ask users to read the privacy policies of those websites.
What Personal Data do you gather when I visit the Website?
It is not necessary to register in order to access the Website, but if you participate in any of the activities or services offered by the Website www.GrantThornton.co.il, then We shall gather the Personal Data We need to provide you with those services. Should you fail to provide the information required for this purpose it may impair provision of the services.
Information which is gathered from you:
- Contact details such as, full name, position, electronic mail address, employer's name and telephone number.
- Your inquiry details, relevant areas of interest concerning the professional services provided by GRANT THORNTON.
Technical information
When you browse the Website, we may gather technical information such as an IP address, details about pages which you have browsed on the Website and on the Internet and information concerning type of browser software you are using.
The Website gathers standard information as mentioned above and technical information in order to gauge and improve the efficiency of the Website, diagnose problems with our server, manage the Website, identify where the browser traffic to the Website is coming from, and to identify our users. We may also gather additional information through www.GrantThornton.co.il such as information about usage and browsing habits on the Website.
In order to gather such information, We make use of cookies ("Cookies"). Further information about the use of Cookies can be found in the chapter entitled "Use of Cookies" as detailed below.
When do you gather Personal Data?
We shall gather Personal Data details when:
- You sign up to receive a newsletter
- You leave us details so We can contact you
- You browse the Website (via Cookies)
- You register for an event or request to download a document from the Website
We shall gather information necessary to process your request or to provide services requested by you. The transfer of the information to us is not mandatory, although such information is required by us in order to provide the services. We may request supplemental information as required to provide an appropriate response to your request.
How do you use Personal Data?
In order to:
- Identify you and verify your identity when you contact us
- Contact you regarding our services and according to your request
- Send you a newsletter in accordance with the relevant areas of interest which you
specified - Send you reminders about events which you signed up for, for the purpose of physical or virtual identification of the event and sending a summary of an event that took place
- For the purpose of improving and customizing our services through analyzing information about your use of the Website
- Comply with any law in accordance with the legislation that applies to us and in order to cooperate with supervisory bodies and enforcement authorities
Right to inspect or amend
In accordance with the applicable law you have the right to request to inspect or to amend the Personal Data which is stored about you. In addition, you are entitled to demand in writing that information which is being used for direct mailing be deleted from the database. In order to exercise that right, you can write to info@GrantThornton.co.il, stating the electronic mail address that you wish us to remove from our mailing lists. It is clarified that your request not to receive marketing material from us shall not prejudice our right to continue contacting you by electronic mail or by other means regarding the subject of the contract between us, as long as it exists.
Will my Personal Data be passed on to third parties?
We shall take reasonable measures to protect the Personal Data and prevent it from being transferred to third parties.
Fahn Kanne does not sell, let or lease your Personal Data to third parties and shall not share your Personal Data with others, without your consent, unless in its discretion and in good faith Fahn Kanne considers it necessary to do so for one of the following purposes in order to:
[1] comply with the law in response to a legal proceeding, disclosure order or request from a government authority or in any case of a dispute, or litigation of any kind between you and Fahn Kanne or between you and other users in connection with the Website;
[2] enforce this Privacy Policy or the Website Terms, including within the framework of an investigation into possible violations of the Privacy Policy or Website terms or cases in which Fahn Kanne reasonably believes the user has breached the Website Terms, abused his right to use the Website, or has committed an act or omission that Fahn Kanne reasonably believes violates any relevant law, rules or regulations.
Fahn Kanne may share the user's Personal Data in these cases with the law enforcement and other competent authorities and with any third party as shall be required in order to deal with any consequence of the user's act or civil wrong;
[3] detect, prevent or otherwise deal with fraud, or security problems or technical problems with the intention of preventing bodily injury or property damage to others;
[4] respond to requests for support and the user's inquiries;
[5] protect the rights, the property, or the personal safety of Fahn Kanne, the Website's users or the general public;
[6] Should Fahn Kanne undergo a change of control, including by way of merger, acquisition, or the purchase of all or most of its assets or in the event that Fahn Kanne has assigned or transferred its operations and consequently its rights and obligations to all the users to a third party;
[7] provide and/or augment a service for the user, prevent damage or correct malfunctions;
[8] In accordance with the user's express authorization which was given prior to the disclosure.
For the avoidance of doubt, Fahn Kanne may in it’s full discretion disclose information which is not Personal Data to third parties.
Fahn Kanne may also share Personal Data with GRANT THORNTON Network Members, subsidiaries, sister companies and parent companies. Personal Data may also be shared with Fahn Kanne's subcontractors on the express condition that their use of it shall be consistent with this Privacy Policy.
For how long you shall keep my Private Information?
Fahn Kanne shall keep the Personal Data about you for the entire duration of the contract between us. Following the expiry of the contract period, We shall keep the Personal Data for the time required in order to enable us to maintain business records for the purpose of analysis and/or audit, for such period as the applicable law requires, in order to defend or file lawsuits, and in order to deal with complaints.
We shall act to delete the Personal Data when it is no longer required for one of the purposes stated above. Should We be unable, for technical reasons, to delete all the Personal Data from our systems, We shall see to it that measures are taken to prevent this information from being processed.
Is Personal Data secure?
Fahn Kanne utilizes industry-accepted technological and operational security measures in order to prevent the loss, unauthorized use, alteration or deletion of Personal Data. We require all employees and managers to keep the Personal Data confidential and restrict access to the Personal Data to those employees who have appropriate authorization.
Fahn Kanne does not guarantee or warrant that its databases, including information which you provide, shall not be hacked and that such information shall not come into the possession of an unauthorized third party, and as long as it takes reasonable precautions it shall not be held responsible for any damage, of any kind and type, which you shall sustain as a result of the hacking of its databases and/or Website and/or computers.
International transfers
In order to provide you with services through www.GrantThornton.co.il, We may be required to transfer your Personal Data outside of Israel. Whenever your Personal Data is transferred outside of Israel, we shall take appropriate steps in accordance with the relevant laws in order to ensure its security and protection of its confidentiality. Fahn Kanne may also gather, hold and manage your Personal Data through cloud services or hosting by a third party in a reasonable manner and for business purposes, and the information may be stored in other countries, including also the United States, and you agree to the transfer of your Personal Data outside of Israel as aforesaid. For more information on how We protect your Personal Data, please contact us through the contact details set out below.
Use of Cookies
As part of the ongoing operation of the Website, Fahn Kanne uses "cookies", small text files stored in the user's browser which are used, inter alia, to verify details, adjust content to user preferences and gather statistical information. Some cookies shall be deleted as soon as you close the browser, while others are stored until they expire or are deleted by the user.
Fahn Kanne may make use the following types of Cookies:
(1) necessary cookies, which are required in order to upload the Website or to enable the user to utilize certain services which the Website offers;
(2) analytic cookies, which are designed to monitor the way users utilize the Website in order to enable us to improve the Website and the services provided through it;
(3) preference cookies, which store the user's personal definitions regarding the Website;
(4) marketing cookies, which are used to create customized advertisements for the users and to gauge the effectiveness of advertising campaigns.
You may also, at any time, either remove the "Cookies" from your browser, or set its definitions in such a way that it disables them. However, Fahn Kanne does not guarantee that such actions shall not impede proper browsing of the Website and it may block access to and/or not provide a service in cases where such actions have been taken.
Amendment of the Privacy Policy
Fahn Kanne may and is at liberty to amend (by way of alteration, deletion, removal, downloading and addition, including of extra terms) (the "Change") the Privacy Policy from time to time and in its sole discretion and shall include the date on which the Change was made. Without prejudice to existing transactions, the use of and/or the purchase of products and/or services through the Website following the Change, shall be subject to the amended version of the Privacy Policy.
This Privacy Policy shall be subject to the laws of the State of Israel. Any dispute arising from the Privacy Policy shall be adjudicated exclusively by the court having subject-matter jurisdiction in the district of Tel Aviv.
How to contact us
Should you have any questions regarding this Privacy Policy, you can contact us by electronic mail at info@GrantThornton.co.il or via the "Contact us" page on the Website.
Last updated on 23.06.2022