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<\/p>\nMaintaining proper financial management of your Israeli non-profit organization will help ensure that any potential in-depth Israeli amuta audit will go smoothly. There is no way to know when or how often the audit will take place. This article explains a little about the in-depth audit.<\/p>\n
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Our legal team works in various legal fields, including Israeli non-profit organization law. \u00a0This article is one in a series<\/a> focusing on what you need to know about non-profits or charitable organizations in Israel. \u00a0This series addresses various issues that may be helpful to you as you administer your Israeli non-profit organization.\u00a0 Israeli amutot <\/em>fall under the jurisdiction of the Israeli Corporations Authority, and you can read about this authority in our article on the topic<\/a> or by going directly to their unit page<\/a> under the Ministry of Justice.<\/p>\n The government periodically conducts in-depth audits of non-profit organizations. The auditing is outsourced by auction to accounting firms. \u00a0The auditing process is intense and has significant legal consequences.<\/p>\n It is important to thoroughly prepare the organization\u2019s documents and procedures before the audit happens. Sometimes audits hit the organization by surprise, which may be very problematic for the organization\u2019s development and ability to function.<\/p>\n The auditing process is costly in terms of time, often amounting to hundreds of hours for the auditing body and the organization under scrutiny. \u00a0During the audit accountants track the use of funds, receipts, protocols to authorize the transactions and expenses, the use of funds to support the official legal objectives of the organization, proper conduct and adherence to legal regulations and proper management guidelines, and more.<\/p>\nWho Carries Out the In-Depth Israeli Amuta Audit?<\/h4>\n