DUN'S 100 - 2016

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Business Services
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2016 | DUN’S 100 DUN’S 100 | 2016
DUN’S 100 | 2016 2016 | DUN’S 100
29 Accountancy Firms
RANK
Freidkes & Co. Certified Public Accountants
Freidkes & Co., Certified Public Accountants
(Israel), serves as auditors of companies,
not-for-profit organizations as well as other
entities, from all sectors of the economy. The firm
is also involved in taxation, representations in
front of tax and other regulatory authorities, and
in providing business and financial advice. Most of
the firm’s employees are certified public accoun-
tants, while some also hold additional training in
law, economics, or are US certified public accoun-
tants. Staff speaks foreign languages such as Eng-
lish, French, German and Russian. An extensive
range of services, personal attention and a stress
on quality and dependability, have all combined
to enable the firm to offer its services throughout
the country. The firm is a member of Integra Inter-
national – a global association of accounting firms
and business advisors. The membership enables
the firm to provide its clients with a wide range of
services abroad in the areas of accounting, audit
and business consultancy.
Multidisciplinary Services
Services provided by the firm include auditing and
financial statements preparation (private and pub-
lic companies, not-for-profit organizations); repre-
sentations before regulatory authorities (Income
Tax, Value-Added Tax, National Insurance Institute,
Investment Center, the Chief Scientist etc.); Ongo-
ing consulting to owners of corporations, assis-
tance in intergenerational transfer of businesses,
reviews of interimfinancial statements; preparing
financial statements using IFRS, participation in
preparing prospectuses for capital issues; due
diligence tests, as well as special projects involv-
ing purchase price allocation reports, liquidation
assignments, corporate recovery plans, stays of
proceedings, receiverships; trust companies and
trusteeships; trusteeships for hedge funds; arbi-
tration and mediation, estate management, tax
planning, international taxation; business and
financial consulting, internal and forensic audit.
Client Profile
The firm services clients from all sectors of the
Israeli economy – industry, trade, services, tour-
ism, international forwarding, customs brokers,
construction, financial institutions, and not-for-
profit organizations. The firm’s client list includes
the Israel Accounting Standards Board, the Insti-
tute of Certified Public Accountants in Israel, as
well as other major public bodies. Furthermore,
the firm audits a variety of mutual funds, and of-
fers supplementary services to leading academic
institutions, local municipal authorities and in-
dustrial companies.
Real-Estate Acquisition Groups and Building As-
sociations - Reporting, Inspection and Control
The firmhas vast experience in providing account-
ing services to thousands housing units built by
real-estate acquisition groups and building asso-
ciations, via a web portal of the firm’s website.
Court Appointments
Partners of the firm are appointed by the courts
as liquidators, receivers, or trustees, and also pre-
pare “expert witness” testimony for the courts.
The firm has also been appointed to provide ac-
counting services to the special administrator of
the “Hephzibah Group” (in liquidation), including
forensic audit services.
International Department
Headed by Eli Engel, CPA & Adv., provides full
range of professional services to multinational
corporations and foreign companies operating in
Israel through subsidiaries or local branch: Audit-
ing and preparing financial statements according
to local standards (ISRAELI GAAP) or international
(IFRS). CFO services andmulti-currency bookkeep-
ing services, enabling the headquarters of the
foreign company to receive various reports in the
required frequency, language, currency and scope.
Advising on local taxation since the planning and
incorporation stage, obtaining tax arrangements
(pre ruling), assistance in international taxation,
transfer pricing, Planning and implementing of cor-
porate structure which utilizes to their full extent
Israeli and foreign Tax Laws. Assistance in indirect
taxes (Value Added Tax, customs, sales tax), social
security, employees’ relocation, freight forwarding
and customs clearing, pension and other social
benefits to employees.
Business and Financial Advice
Operates as a separate unit, employs certified
public accountants and economists. The senior
employees provide personal advice to clients in
preparing business plans and representations
before financial institutions, negotiations with
the banking system, recovery plans, and credit
requests. The firm also offers “CFO on demand
services” for entities which do not employ a per-
manent financial officer.
Trusts and Trustee Services
Trusts taxation, transactions and funds in tran-
sit, salaries of senior personnel, trusteeships for
hedge funds with the approval of the Income Tax
Authority and membership in the Society of Trust
and Estate Practitioners.
Internal Audit, Forensic Auditing and Risk
Management Department
This department offers internal auditing services,
and a fundamental analysis of the organizational
structure and managerial framework of the entity
and manner of operations. At the conclusion of
every assignment, the client receives a report on
risk management, with an emphasis on limiting
risks. Additional service is testing the effective
implementation of internal control over financial
reporting - SOX 404.
U.S Taxation Department
The US Taxation Department serves residents
of Israel who are required to file tax returns with
the United States Internal Revenue Service, and
citizens of the United States who reside in Israel
who are also required to report. Services of the de-
partment also include Israel-US tax planning, and
representations before regulatory authorities.
רואי חשבון
פריידקס ושות‘
Freidkes & Co.
Certified Public Accountants
10 Carlibach St., P.O.B. 20034,
Tel Aviv 6120001
Tel: 972-3-6242977
Fax: 972-3-7604646
Oriel Lahav
partner
Arie Biger
partner
Noam Amir
partner
Reuben Almog
partner
Lior Stinus
partner
Edna Shmueli
partner
Nahum Freidkes
partner