Non-profit organizations face daily challenges in addition to those characteristic of the business sector. These challenges include:
- Fundraising - donations, budgets, grants, payment for services, and more.
- The need to carry.
- Providing information transparency.
- Meeting the criteria and public scrutiny.
- Estimates for frequent regulatory changes.
- Responding to local and international economic crises that increase the need for the association's services, on the one hand, while funding sources themselves are shrinking, on the other hand.
- Receiving a proper management approval from the Registrar of Associations.
- The requirement for appointing an internal auditor in associations with an annual turnover exceeding 10 million NIS.
Even the offices that supervise and fund these institutions need the services of accounting experts who are well-versed in the sector's needs and its unique rules.
Meet the Third Sector Team at Brazil
Barzily offers a dedicated department for the third sector. The department's team consists of accountants who exclusively handle non-profit organizations and audits for bodies that support and fund charities. The team has many years of experience, gained through, among other things, proper management audits for the Registrar of Associations, grant audits, and in-depth audits for additional government ministries, as well as providing accounting services to over 100 non-profit corporations.
Iron clients that are non-profits enjoy a suite of services from the other professional departments in the Ministry. Among the services we provide
- Examining the establishment of an additional activity or an acquisition. In such cases, we assist in the due diligence process and advise on how to establish the new organization (within the non-profit, as another non-profit, as a subsidiary, etc.).
- Merger of non-profit organizations.
- Financial statements audit.
- Assistance in preparing statutory and tax financial statements.
- Liaison with funding bodies including government ministries, foundations, etc., including ongoing support, consultation, and assistance with applications for support from government ministries.
- Assistance during a depth audit by the Registrar of Companies, State Comptroller, and similar bodies.
- Tax consulting and representation before tax authorities, including and especially in matters unique to non-profit organizations.
- Consulting for organization and methods in all matters related to budgeting, execution, and ongoing operation of the organization.
- Internal audit, internal audit using computerized systems, and IT audit for the purpose of conducting an internal audit.
- Performing risk surveys and accompanying risk management.
- Regulatory compliance review, including issues related to the Associations Law, relevant tax laws, and the Accountant General's directives.
- Development of tools and rules for budgeting and control, and guidance for their implementation.
- Project Efficiency Review.
- Ongoing consultation during the organization's operations and in accordance with the challenges it faces.
Our firm has many years of experience in providing consulting and support services to non-profits and other third-sector organizations. The firm supports non-profits and public benefit companies operating in various fields, including non-profits with complex activities.
The team is extensive and available to you to examine issues unique to non-profit organizations, including:
- Tools and rules for budgeting and control.
- Project Efficiency Review.
- Review of procedures and their implementation.
- Consultation on issues related to the Associations Law, relevant tax laws, and the Accountant General's directives.
- Assistance and guidance in in-depth review with relevant parties.
- Liaise with funding bodies including government ministries, foundations, and the like.
