Information system audits are a vital part of the accounting audit process, designed to ensure data accuracy and reliability within organisational systems.
This process combines expertise in accounting and technology to verify that an organisation’s information is secure and well controlled.

Our Areas of Expertise:

• Data Analysis and Information Security: Advanced data analysis, quality testing and acceptance for new systems in order to enhance information security and reliability.
• ERP Implementation Support: Guidance in selecting and implementing ERP systems, tailored to meet business needs.
• Information Systems Controls and Security: Back-up verification, role separation and access controls to prevent deviations.
• Business Process Optimisation: Development of customised procedures, automation applications and controls to improve efficiency.

Cloud services demand high standards of reliability, security, availability, privacy and confidentiality.
The SOC 2 standard ensures the safety and reliability of cloud service providers’ systems and controls, primarily targeting the U.S. market and medium- to large-sized organisations. SOC 2 reports, prepared by expert accountants, provide an assessment of an organisation’s control processes.

Types of SOC 2 Reports:

• SOC 2 Type 1: A control report at a specific point in time, providing an overview of control implementation on a set date.
• SOC 2 Type 2: A periodic control report (3 months to 1 year) offering a continuous and precise monitoring of control implementation.

A SOC 2 report includes four main sections: the accountant’s opinion on controls, a management statement, a description of the company and service and an overview of the tests and audits performed. This report can be shared with clients as evidence of compliance with stringent standards.

Auren’s Experts Provide Critical Information for Legal and Business Decisions in Cases of Fraud, Business Disputes, Embezzlement and Irregularities.
In an era where organisations are vulnerable to fraud, statistics reveal that businesses lose a significant portion of their revenue due to irregularities. Auren Israel specialises in investigative auditing, merging accounting expertise with advanced investigative techniques in order to identify and prevent financial irregularities.

Our Areas of Expertise:

• Fraud Prevention Audit:
  Review processes, conducting Fraud Vulnerability Studies (FVS) and implementing control and enforcement mechanisms.
• Fraud Detection Audit:
  Identifying and confirming suspicions, as well as providing expert opinions.
• Fraud Quantification:
  Damage assessment, quantification of losses and support for legal and insurance processes.
• Investigative Consulting for Lawyers and Courts:
  Expert testimony, dispute resolution and support for corporate recovery and arbitration.
• Due Diligence:
  Verification of financial statements and identification of business, legal and financial risks.
• Money Laundering Prevention:
  Preventive measures and identification of suspicious activities.

Apps surround us, bringing a range of unforeseen risks, including financial, information and regulatory risks.
Auren’s expert team has extensive experience in guiding application development and computer systems, offering consulting from the development stages through to the operations. Our operational technology audit services focus on two primary areas based on the value they provide.

Our areas of expertise include:

– Operating System Audit: Auditing computerised technology systems in factories and production lines. This audit supports organisations in enhancing efficiency, securing data and preventing downtime, errors or damage, ultimately boosting productivity.

– App Audit: Audits for both live and in-development apps aimed at reducing risks, exposures and potential data breaches affecting users and organisations.

– Compliance with International Standards: Ensuring adherence to various legal requirements, including tax, banking and anti-money laundering regulations, and assisting with international adjustments for global compliance.

Internal Audit: The Protector of Your Organisation in the Agile World

Our internal audit service aims to compile and analyse critical data regarding organisational processes to improve decision-making across the organisation and provide an ongoing monitoring of any operations and development. In today’s world of rapid innovation, internal auditing has become essential for medium- and large-sized organisations, providing crucial insights in order to manage both internal and external risks effectively.

Our areas of expertise include:

– Risk survey and the adaptation of a customised solution based on findings

– Analysis of internal and external risks using advanced tools such as automation and artificial intelligence

– Comprehensive overview and analysis of local and international risks, utilising our global teams

– Use of advanced data analytics and process mining to identify and prevent exposures

– Implementation of automated RPA processes to detect real-time errors and minimise risk

Our audit services aim to meet legal requirements and add substantial value to our clients’ businesses.

The annual audit of financial statements in Israel is a statutory obligation. However, it is also a powerful tool for enhancing business performance through risk management, performance analysis and process optimisation. We focus on identifying internal control weaknesses and providing recommendations that support organisational growth and improvement.

Our areas of expertise include:

• Statutory audit of annual and consolidated financial statements
• Voluntary audit of financial statements and consolidated financial statements
• Audit of financial reports in accordance with International Accounting Standards (IFRS)
• Audit for non-profit associations and public-benefit corporations
• Review of quarterly financial reports and statements