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In recent years, economic development, and the collapse of multinational corporations as a result of defects in the organization's internal controls, increased the importance of conducting internal audits. As a result, in many countries, including Israel, the legislation established that an internal auditor must be appointed to certain corporations. 
 
The purpose of an internal audit is to serve as a management tool that assists the senior management of the organization to promote and implement the goals of the organization, while providing risk assessment and appropriate solutions to prevent it. Enterprise Risks Analysis and the ways to resolve them is intended for the promotion of the organization's objectives and maintaining the organization's property. The work of the internal auditor is defined by an annual work plan that’s being updated as needed. At the end of the audit process, the auditor submits a report with the audit findings and recommendations to strengthen the weak points in the organization.
An Internal audit helps an organization accomplish its objectives by examining the effectiveness, efficiency and maintaining legal provisions, including proper procedure and the entity's integrity. An Audit will be conducted in accordance with the standards of practice as set by the Israeli Organization of Internal Auditors. 
 
Internal audit services 
Audit services are provided by the office staff of qualified professional with extensive experience. 
 The internal audit is conducted in accordance with and subject to the provisions of the Corporations Law, Audit Law, the NPO's Law, Organization of internal auditors' guidelines, and subject to and in accordance with the laws and provisions of the relevant legislation specifically applicable to the audited corporation.
 
Risk Management 
Risk management is a very important step in a proper management of the corporation. There are many risks to the corporation which are divided into two parts: 
  • Financial risks - including credit risk, currency risk, market risk etc. 
  • Operational risks - scams and fraud, regulatory legislation, appropriate management failure, inefficient controls etc. 
 Israel has mandatory policy that public companies must appoint a risk management supervisor, and specify at the submission of the financial reports  the risks the company is exposed to, both financial and operational .
 
Risk management is designed to preserve and maintain the stability and profitability of an organization. Assessment of risk exposure to any single unit of the organization is a more accurate assessment of risk and an allocation of resources is conducted to minimize risk in accordance to cost-benefit.
 
The firm provides risk management services which include
  • Integrated application consulting and auditing regulations and standards such as I-SOX Goshen, SOX, IFRS, and stock market taxation. 
  • Risk surveys and guidance in implementing aspects of risk management mechanisms of financial, regulatory, operational, legal and other aspects. 
  • Formulating and writing policies, code of ethics and working procedures.
  • Guidance in choosing the computerized systems for risk management in the organization. 
  • Performing gap analyzes and reviews to examine the adequacy of risk management processes in the organization.

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Who we are

Barsky, Berger and associates was established in 1997 and includes 2 branches: Main office in Tel Aviv and a secondary in Hadera.

The firm employs 50 people including CPAs, CISAs, economists, Information systems auditors, tax advisors and accounting interns.

The firm offers services in various accounting areas as defined in the Israeli Auditors law, both to the business and public sector, and specializes in tax remediation, internal audit and forensic accounting, including in information system environment, public and private entities, financial institutions, NPOs, governmental bodies, statutory authorities, venture capital funds and more.

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