VBIR possesses broad professional know-how and many years of experience in providing auditing services, preparing financial statements and other accounting reports, accounting consulting services and the ability to apply both local accounting standards (Israeli GAAP) and international accounting standards (IFRS). Our membership in the international network, Geneva Group International, enables professional access to both international and local accounting methods worldwide. The firm serves as auditor to corporations and public companies traded on the Stock Exchange, companies held by public companies, private companies, public entities (such as statutory corporations, non-profit organizations) and international corporations. The firm has experience with business entities engaged in most commercial sectors, and it has experience in auditing the financial statements of municipalities.
Our Firm’s Auditing Practice
- Applying progressive working methods with the aim of satisfying the client’s needs within the framework of the GAAP.
- Applying working methods that enable us to fully assess the client’s business from the accounting aspect, while being aware of internal control aspects and locating weak points.
- The auditing work is performed by evaluating of the clients control systems which enables us to recommend improvements in the organization’s internal control systems.
- The auditing work at the client’s request, takes into account taxation issues and optimization of the client’s tax position.
The quality control system in our firm is based on detailed work procedures which govern the firm’s auditing services (engagement with the client, professional conduct, skill and professional ability, professional training, supervision and follow-up). Quality controls include an internal review of the audit work by a separate auditing manager not involved in the audit work.