סימון ראיית חשבון וייעוץ כלכלי
האפליקציה שלנו

Audit of financial statements

Audit of financial statements for company, association, non-profit organization and unpaid leave

ביקורת דוחות כספיים

foreword

Our firm has the knowledge and experience (over 30 years) of auditing financial statements, we have audited financial statements for a wide range of clients from various sectors and activities. We, Nevet Simon & Co . are ready to provide you with the accounting, taxation and financial services you need so you can have peace of mind to focus on running your business.

What is financial statement auditing?

Auditing financial statements is one of the main activities that an accountant does when providing his services. Auditing services are provided to various companies and corporations (associations, non-profit organizations, public benefit companies – public benefit companies, cooperative societies, etc.). In accordance with the law, an accountant's opinion on the financial statements is mandatory, and therefore, an accountant must audit financial statements about the entities he audits. Such corporations are required to present audited financial statements by an accountant.

Our Reporting Audit Department includes accountants and economists with knowledge and reputation in their fields. The team members are members of the academic staff of Israel's leading universities and colleges and work at the Institute of Certified Public Accountants.

Purpose of auditing financial statements:

The purpose of the audit is divided into many 'small' purposes, however, the main purpose of the audit of the reports is to provide an external and independent opinion on the financial statements of the audited entity. The auditor's opinion is attached to the company's financial statements and helps report users assess the company's financial condition.

The Institute of Certified Public Accountants in Israel defined the purpose of the audit as follows: The purpose of the audit is to enable the auditor to give his opinion on whether the financial statements adequately reflect, in accordance with generally accepted accounting rules, in all material respects, the financial condition of the audited, the results of his operations, changes in his equity and cash flows (Audit Standard 73, section 3).

These are some of the services we provide to our clients:

  • Preparation of annual tax returns.
  • Annual audit of financial statements.
  • Inventory reports, debt recovery reports, cash flow reports, budget reports and budget reports for companies and public institutions.
  • Regular reports to the various authorities – VAT, National Insurance, Income Tax, income tax advances, withholding and payments to provident funds.
  • Production of monthly executive reports (financial and other), as required by the customer.

Our credo when conducting an audit of financial statements

We believe that when auditing a corporation's financial statements, one must follow the practical approach that we have developed over the many two years we have audited. Our approach focuses on the quality and efficiency of the accounting audit, using advanced technological means we have the possibility of conducting an effective audit. It is important for us to understand the company's activities in order to provide important insights into the financial statements and to enable a more accurate and meticulous audit. We focus on understanding the activities of the corporation, what are the information systems, work processes and internal control of the company. Following our audit approach, we provide value-added service, ensuring that our clients receive a quality and meticulous audit that combines the financial data with the robust activity data behind the numbers.