As a dynamic professional accounting firm Crowe Horwath (Israel) brings significant added value with a core global integrated engagement team comprises of entrepreneurial, aggressive leaders with hand-on experience in multination marketplace.
To leverage the scope and efficiency of services to global clients, Crowe Horwath (Israel) maintains in Israel a US Desk of operations to provide audit and non audit services to Israeli companies which considered foreign issuers listed companies in the U.S. stock markets and to non listed companies. This US Desk enables us to perform such service in Israel through Israeli based leadership for the process.
The International Desk operates by a combine Israeli and foreign UK/US teams of professionals with extensive International IFAC, SEC/PCAOB, and experience to be able to provide to global organizations a comprehensive and unique blend of technical know-how, solid business acumen and specialized industry knowledge and to deliver proactive and creative ideas through a solid business approach.
The annual audit is an opportunity not an overhead. The audit processes and our approach are based on three critical success factors: a thorough understanding of our client’s business, people and objectives; an audit team with the right experience and understanding of the industry; an audit team that is well experience with IFAC, SEC/PCAOB standards.
Our global audit strategy will be based on a sound understanding of your needs and the issues you are facing. It will ensure that our work complies with local/ international and US auditing standards.
Our commitment to you is to deliver audits that are based on a detailed grasp of audit issues, based on IFAC/US GAAS – PCAOB, we are also committed to provide you with a team who are able to discuss technical matters on accounting and compliance issues and give constructive and practical advice.
Our primary responsibility will always be to the members of your organization An ancillary responsibility is to help corporate management to carry out their duties with minimal disruption and maximum help from our audit activities.
Defining a clear global audit strategy at the outset will give both the client and Crowe Horwath (Israel) International Desk the assurance that: we understand the strategic issues the client is facing; our work is in compliance with IFAC/PCAOB auditing standards; we are aware of and comply with any regulatory and legislative requirements, both current and future and IFRS compliance of financial reporting; and We understand cleint's needs and respond to them as appropriate throughout our audit work.
By completing a comprehensive pre-audit planning exercise prior to the start of audit assignment, we will be fully conversant with developments within your organization.
To ensure that the audit is adequately planned we will ensure that we meet with the executive team early on in the process to gain a full understanding of all relevant accounting and audit issues. The year-end timetable is also being discussed and agreed upon and shortly after a formal planning memorandum is submitted to you, which will include: audit timetable, key risks and controls, audit milestones, meeting dates, reporting dates, reporting dates, schedule of deliverables.
Once we have reached our conclusions, following the resolution of any audit queries, we will complete our formal audit report. As part of this process we will provide constructive feedback to management and report any issues of concern make recommendations for control improvements and highlight other issues of interest by submitting a detailed global management letter.