Horwath OWP, Ovadia Wallenstein Pick, provides accounting, auditing, tax and advisory services. The firm is a member in Crowe Horwath International, and consists of 12 partners and 150 employees. Horwath OWP operates through a head office in Ramat Gan, 3 branches which cover North, South and East of Israel, and an International Division consisting of a Israeli – US – UK - Germen Desks of operation. The firm services public companies whose shares are traded in Tel-Aviv, US and Europe stock markets and private domestic and international businesses. AbstractFont defaultArialCourier NewGeorgiaTahoma
Other Partners and Directors
Partner, Head of SME Division
Partner, Office Manager – Ashkelon
Partner, Government IFRS Services, Office Manager – Haifa
Partner, Technical Accounting Services
Transfer Pricing Practice
Risk Managemet and Internal Audit
SOX404 and ISOX
Economic and Valuation Services
Line of Business
Certified Public Accountants, Taxation and Consultation
Crowe Horwath International is ranked globally among the eight largest accounting and business consulting firms, represented in over 120 countries with over 500 offices. On March 2010 the US Public Accounting Report (PAR) named Crowe Horwath LLP, "one of the largest public accounting and consulting firms in the U.S., the winner of its annual analysis of auditor changes for SEC entities."
Horwath OWP provides audit, tax and consulting services to publicly traded companies on Tel Aviv, NASDAQ, AIM and Frankfurt stock markets, private SM entities, governmental institutions, non- profitable organizations, startup and development stage companies.
The firm provides its clients service with a vision toward maximizing the client's development and growth potential as an international player. The firm service client team consists of CPAs, economists, lawyers, internal auditors and tax advisors, and software and IT advisors divided to categories by specialize skills and expertise required for the services, in order to maximize the realization of our technical know how and experience in the different business fields of our clients. The professional relations with Crowe Horwath International of the International Division and Israeli – US – UK and Germen Desks of operation, allow us to provide response to global clients needs. Our client service teams include foreign staff that is engaged with our clients in Israel, and in some cases some of our local staff are temporarily relocated to Crowe Horwath International firms outside Israel.
The firm is PCAOB registered to act as CPA for companies trading on US stock exchange.
The firm operates four divisions headed by partners: the Israeli Capital Markets and Governmental IFRS reporting, International Division consist of Israeli, US, UK and Germen Desks of operation, SME Division and Added Value Services that support complex accounting measurement, disclosure and valuation issues. Among the firm’s departments: audit, technical accounting, corporate taxes, economic services, internal audit, incentive programs and R&D financing, individual services, and International Desks of Operation for US and UK and Germany.
Services are provided to both the private and public sectors, in the following fields: industry, services, high-tech, real estate, commerce and services, financial institutions, high education institutions, not-for-profit organizations, and others, in a wide range of areas, such as: international and local taxation, capital raising, mergers and acquisitions, as well as due diligence, pre-ruling and assisting companies with Sarbanes Oxley Section 404 and ISOX implementation and transfer Pricing Studies
Horwath OWP provides clients and non clients with continuance professional technical guidance and training in accounting by our accounting technical experts and through the Horwath OWP "IFRS Academy". The firm also provides taxation and business guidance through conferences, seminars and professional news alerts.
Mission and Philosophy
The Firm strives to maintain professional, excellent, efficient and authoritative services, in accordance with the highest standards of quality and ethics, in compliance with the Firm's reputation and the profession regulations.
Horwath OWP is committed to conduct its business in a manner consistent with all legal, regulatory and professional requirements, which pertain to its practice, and in all instances in a manner, which is consistent with the highest standards of integrity ethics and fairness.
Our responsibility for protecting the reputation of the firm extends beyond our own actions. The firm fully supports in carrying out this responsibility. The firm values our reputation for quality services and believes that reputation is the basis on which we attract new clients and build our practice for the future.
We have an overriding objective of providing high quality audit, accounting, tax and advisory services to clients in the best professional manner. Horwath OWP demands integrity, objectivity, competence and due care from all of its personnel in the conduct of all of its engagements, whatever their nature. We demand independence in fact and appearance in all audit and other engagements where independence is required by applicable laws and regulations, and the requirements of professional societies. We assign work to personnel who possess the technical training and competence required, and take steps to ensure that personnel assigned to engagements, whatever their nature, have the professional and specialized knowledge required to carry out their responsibilities, recognizing that supervisors and other reviewers and consultants can complement that knowledge.
Horwath OWP subscribes to a standard of professional excellence in all of its activities. Our goal is to provide superior, distinctive client services – services that are prompt, efficient, authoritative, performed to the highest standard of quality and ethics responsive to client needs, and available when and where needed. Our partners and staff are expected to comply with our firm ethic code.
Core Team – a top Level Commitment
We never look at a relationship with our clients as a commodity. We are in the business of providing comprehensive business advice, marked by a high level of responsiveness, proactive identification of issues, and efficiency. Understanding management concerns is crucial to our relationship. We invest our time to better understand the business, and to broaden our appreciation for the corporate philosophy and critical success factors. We make a substantial commitment of our firm resources to provide our clients with services that fulfill their expectations. We assemble an experienced and creative engagement team that complement and support our clients' team. Our professional team is long on the kind of experience that our clients are seeking. Each team member is dedicated to using his or her knowledge to better respond and serve our clients needs.
Areas of Practice
Public companies traded in Israel and abroad, technology companies and medical devices, financial institutes, hotels and tourism services, real estate and construction, hi-tech, start-up companies, commerce and service, Our expertise includes Israeli GAAP, IFRS GIFRS and US GAAP, as well as the Israeli Securities Authority Regulations, US SEC Regulations and UK and Germen Regulations, under the quality assurance procedures of the Firm, and Crowe Horwath International.
Areas of Expertise
Israeli Capital Markets and Government Reporting Division – provides services of accounting, auditing, review, Initial Public Offering, Private Placement and due diligence to public traded companies reporting under IFRS and the State of Israel Ministries and institutes reporting under GIFRS.
International Division – provides services of accounting, auditing, review, Initial Public Offering, Private Placement and due diligence to public traded companies in various stock exchange: NASDAQ, AIM and others, reported under IFRS and US GAAP.
Added Value Services Division – provides services of financial statements and registration statements preparation and support complex accounting measurement, disclosure and valuation issues, SOX404 and ISOX implementation.
SME Division – provides services of accounting, auditing, preparation of tax returns, and business consulting to entities report under Israeli local GAAP.
Technical Accounting Services – provides consulting in accounting and auditing, technical training, expert reports in accounting issues, and Continuance Professional Education Seminars (CPE). The Technical Accounting Service department operates the IFRS Academy of the firm, and provides clients and non clients with IFRS training.
Tax Services – provides services of tax planning grounding for complex-transaction and capital issuance, tax pre-ruling applications in Israel and abroad, tax benefits planning under the various encouragement laws, value added tax, land betterment tax, national security. The department publish to clients and non clients tax alerts, a quarterly tax review, "Annual Israeli Tax Booklet" and "Doing Business in Israel" for foreign investors.
Transfer Pricing Services – provides transfer pricing, tax documentation and economic benchmark studies for Israel and various of foreign nations law and regulation.
Economic and Valuation Services – provides valuation for intangible assets, investments, mergers and acquisitions, capital issuance, fairness opinion, business and financial models for investors and strategic partners. Additional services include: accounting due diligence, business plans, re-organization plans, corporate liquidations, etc.
Risk Management and Internal Audit – provides risks management services, internal audit services, and integrity issues, consult for internal control process and procedures, etc. the department utilized various expertise of the firm: accounting, finance, software and IT services etc.
Incentives, Financing, and Research and Development – deals with government financing for companies involved in technology, biotechnology, medical devices, life sciences and industry.
Human Resources Management – provides tax and accounting advice on employee compensation, incentive share option plans, reallocation plans, trust and escrow services.
Personal Services – provides services of personal tax returns, capital declarations for Tax authority, financing consultation, etc.
ADDRESS 12 Hachilazon St., Ramat Gan 52522 | TEL 972-3-7538300 | FAX 972-3-7606787 | ADDRESS 3 Hayozma St., Tirat Hacarmel 39032 | TEL 972-4-8581666
FAX 972-4-8581667 | ADDRESS 10 Hagdud Haivri St., Askelon 78595 | TEL 972-8-6726383 | FAX 972-8-6725562 | ADDRESS Shalom Plaza Mall, Eilat 88000
TEL 972-8-6341881 | FAX 972-8-6340889 | E-MAIL email@example.com | WEBSITE www.owp-cpa.co.il