Internal Audit

My extensive experience conducting in-depth audits enables me to identify potential problem areas in nonprofits, areas that nonprofit managers are often unaware of, which may lead to serious sanctions by the Registrar of Associations. These sanctions could even result in the closure of the organization and the forfeiture of its assets.

I perform comprehensive internal audits, focusing each year on a key area selected based on the organization’s activities. It is recommended that nonprofits (Nonprofit Organizations) begin with an audit that focuses on compliance with the Registrar of Associations' requirements.

The obligation to appoint an internal auditor depends on the organization's financial turnover, which is updated from time to time. Currently, associations with an annual turnover exceeding NIS 10 million are required to appoint an internal auditor under the Associations Law. The same requirement applies to public companies, public benefit companies (PBCs), and private companies classified as public entities under the Companies Law, based on the type and scope of their activities. Therefore, if your organization is a nonprofit with revenues over NIS 10 million, or a public benefit company, an internal auditor must be appointed.