Quotation Estimate Auditor in Israel Tel Aviv –Free Word Template Download with AI
Professional Auditor Services — Israel Tel Aviv
Prepared By:
Levantine Audit & Assurance Group Ltd.
42 Dizengoff Street, Floor 7
Tel Aviv, Israel 6310000
Tel: +972-3-621-4400
Email: [email protected]
License No.: 104582 (Israeli Auditors Association)
Prepared For:
Client Name: [Client Company Name]
Address: [Street, City, Israel]
Contact Person: [Name & Title]
Email: [[email protected]]
Tax ID (Mazal): [51-XXXXXXXXX]
This Quotation Estimate is issued by Levantine Audit & Assurance Group Ltd. to provide a comprehensive, itemized cost breakdown for the engagement of a certified Auditor to perform statutory and voluntary audit services for the client's fiscal year 2024–2025. All services described herein will be delivered in accordance with the Israeli Companies Law, 5759-1999, the Standards of the Israeli Institute of Certified Public Accountants (ICPA), and International Standards on Auditing (ISA) as adopted in Israel Tel Aviv and throughout the State of Israel.
The Auditor engagement outlined in this Quotation Estimate is specifically tailored to the regulatory and commercial environment of Israel Tel Aviv, taking into account the unique requirements of the Israel Securities Authority (ISA), the Israel Tax Authority, and the local business registration authorities operating in the Tel Aviv District.
| # | Service Description | Auditor Hours | Rate (ILS/hr) | Subtotal (ILS) | Notes |
|---|---|---|---|---|---|
| 1 | Planning & Risk Assessment — Initial meeting with management in Tel Aviv, review of prior year Auditor workpapers, identification of material risk areas specific to the Israel Tel Aviv market sector. | 24 | ₪ 1,200 | ₪ 28,800 | Senior Auditor + Partner |
| 2 | Statutory Financial Statement Audit — Full audit of balance sheet, income statement, cash flow, and notes to accounts in compliance with Israeli GAAP and IFRS as applied in Israel Tel Aviv. | 96 | ₪ 1,100 | ₪ 105,600 | Lead Auditor + 2 Staff |
| 3 | Internal Controls Review — Evaluation of the client's internal control environment, IT general controls, and segregation of duties as required by the Auditor under Israeli regulatory frameworks. | 40 | ₪ 1,050 | ₪ 42,000 | Specialist Auditor |
| 4 | Tax Compliance Verification — Cross-referencing of audited figures with Israel Tax Authority filings, VAT returns, and corporate tax declarations specific to entities registered in Israel Tel Aviv. | 20 | ₪ 1,150 | ₪ 23,000 | Tax Auditor |
| 5 | Regulatory Reporting & Filing — Preparation and submission of the Auditor's report to the Israel Companies Registrar, the Israel Securities Authority (if applicable), and any other relevant Israel Tel Aviv regulatory bodies. | 12 | ₪ 1,200 | ₪ 14,400 | Partner-level |
| 6 | Management Letter & Advisory — Written report from the Auditor detailing observations, recommendations for process improvement, and compliance gaps identified during the audit engagement in Israel Tel Aviv. | 16 | ₪ 1,250 | ₪ 20,000 | Partner + Senior |
| 7 | On-Site Fieldwork & Travel (Tel Aviv District) — Physical inspection of assets, inventory counts, and site visits to client premises located within Israel Tel Aviv and the greater Tel Aviv metropolitan area. | 16 | ₪ 950 | ₪ 15,200 | All Auditor team |
| 8 | Final Review, Sign-Off & Archiving — Partner-level review of the complete Auditor file, issuance of the formal audit opinion, and secure archiving in compliance with Israeli record-retention laws. | 12 | ₪ 1,300 | ₪ 15,600 | Engagement Partner |
| Subtotal (excl. VAT): | ₪ 264,600 | ||||
| VAT @ 18%: | ₪ 47,628 | ||||
| TOTAL QUOTATION ESTIMATE (incl. VAT): | ₪ 312,228 | ||||
This Quotation Estimate is based on the following assumptions regarding the Auditor engagement in Israel Tel Aviv:
- The client's total annual revenue does not exceed ILS 50,000,000 and the entity operates no more than three (3) physical locations within the Tel Aviv District.
- All supporting documentation, ledgers, and electronic records will be made available to the Auditor in a timely manner at the client's Israel Tel Aviv office or via secure digital transfer.
- The engagement does not include forensic auditing, litigation support, or valuation services. Should the Auditor identify a need for such additional procedures, a supplementary Quotation Estimate will be issued prior to any additional work.
- Travel beyond the Tel Aviv metropolitan area (e.g., Haifa, Jerusalem, Beersheba) will be billed separately at cost plus a 15% administrative surcharge.
- Validity: This Quotation Estimate is valid for thirty (30) calendar days from the date of issue. Upon expiry, the Auditor rates and scope may be subject to revision based on current market conditions in Israel Tel Aviv.
- Payment Terms: 40% upon execution of the engagement letter, 40% upon completion of fieldwork, and 20% upon delivery of the final Auditor's report. All payments are due within fourteen (14) days of invoice date. Late payments shall accrue interest at the rate prescribed by the Israeli Interest Law.
- Confidentiality: The Auditor and all team members shall adhere to strict confidentiality obligations in accordance with the Israeli Privacy Protection Law, 5741-1981, and the professional code of ethics of the ICPA.
- Liability: The Auditor's liability under this engagement is limited to the total fees stated in this Quotation Estimate, in accordance with the Israeli Companies Law and the terms of the professional indemnity insurance policy held by the firm.
- Governing Law: This Quotation Estimate and the resulting engagement shall be governed by and construed in accordance with the laws of the State of Israel. Any disputes shall be subject to the exclusive jurisdiction of the courts in Tel Aviv, Israel.
- Force Majeure: Neither party shall be liable for delays caused by events beyond reasonable control, including but not limited to government-mandated closures, natural disasters, or regulatory suspensions affecting operations in Israel Tel Aviv.
- Independence: The Auditor confirms that, at the time of this Quotation Estimate, no conflict of interest exists and the firm maintains full independence as required by the Israeli Institute of Certified Public Accountants.
By signing below, the client acknowledges receipt of this Quotation Estimate for Auditor services in Israel Tel Aviv and agrees to the scope, fees, and terms set forth herein. The engagement shall commence upon receipt of the signed engagement letter and the initial payment installment.
For Levantine Audit & Assurance Group Ltd. (Auditor)
Name: Yossi Ben-David, CPA
Title: Engagement Partner
ICPA License: 104582
Signature & Date
For the Client
Name: _________________________
Title: _________________________
Company: _________________________
Signature & Date
⬇️ Download as DOCX Edit online as DOCXCreate your own Word template with our GoGPT AI prompt:
GoGPT