Profile of Eyal Weitzman
Auditing and Control Ltd. (EWC Audit)

EWC Audit is a CPA firm that specializes in rendering services in the field of organizational control, mainly internal auditing, information systems auditing, SOX implementation (U.S. and Israel), royalty audits, and corporate governance compliance. The firm incorporates the advantages of a small firm (personal, efficient and quick service of senior and experienced personnel) with the experience of a large firm (a client list that includes some of the leading companies in the Israeli economy). The firm has a staff of ten employees with expertise in the fields of accounting, economics, systems analysis and law.

The principal of the firm is Mr. Eyal Weitzman, CPA (Isr.), Certified Information Systems Auditor (CISA), Master of Law (LLM). Eyal has many years of experience in the fields of internal auditing and information systems auditing and he serves as the internal auditor of a number of organizations., including multinational companies traded on the Tel Aviv Stock Exchange and on foreign exchanges, pubic companies, nonprofit organizations and private companies.

Internal audit services

Our staff embodies more than 20 years of experience in the field of internal auditing. We serve as the internal auditors of many public and private companies in Israel, including Matrix (TASE:MTRX), DSPG (NASDAQ:DSPG), Magic Software Industries (NASDAQ:MGIC), Sapiens (NASDAQ and TASE:SPNS), Attunity (NASDAQ:ATTUF), Cyren (NASDAQ:CTCH) Tel Aviv-Jaffa Economic Development Authority, Hagoshrim Hotel, MTI (TASE:MTCO), etc.

In addition, we render internal auditing services to internal auditors of companies. Among our clients in this field of expertise are Tnuva, Gilat, Amdocs, Migdal, etc.

As part of the internal auditing services, we conduct risk assessments that are a prerequisite to the preparation of our audit work. In addition, we use advanced audit techniques and make extensive use of computerized audit tools.

In carrying out an audit, we integrate our experience in information systems analysis and IT auditing, two ingredients that provide added value to the audit, which is advantageous to the client company. This is reflected in, among other things, implementation of methodologies from the field of system analysis, bringing a system-wide outlook to the issues being audited and the ability to analyze the organizational processes to assist in identification of control faults.

Consulting on SOX implementation in the U.S. and in Israel

Our firm has been very active in the field of SOX services (article 404) since 2004, the year in which the law went into effect, and in the field of ISOX services for companies traded on the Tel Aviv Stock Exchange. In rendering SOX services, the firm incorporates the expertise of its employees in the areas of accounting, internal auditing and information systems auditing which provides the capability of analyzing accounting and operational processes, identification of control faults in manual and automated processes, and providing operational recommendations for the improvement of internal control mechanisms. Among our clients in this area are ClickSoftware (NASDAQ:CKSW), DSPG (NASDAQ:DSPG), CEVA DSP (NASDAQ:CEVA), Cyren (NASDAQ:CTCH), LivePerson (NASDAQ:LPSN), Magic Software Industries (NASDAQ:MGIC), Attunity (NASDAQ:ATTUF), Delta Three (NASDAQ:DDDC), BOS (NASDAQ: BOSC), BluePhoenix (NASDAQ: BPHX), DPC, etc.

IT audit services

Our firm has special expertise in the field of IT auditing, including complex systems, such as ERP, billing, and other financial management systems, logistic systems, payroll and human resource management systems, procurement management systems, and systems in the field of banking and portfolio management. In conducting an audit, we make use of advanced audit techniques, integrating practical experience in the field of information systems (systems analysis, development and management of IT projects). In addition, we perform risk assessments in the fields of IT, in the audit of the processes of procurement and replacement of information systems, data security, computer unit structure and activity, disaster recovery assessments, etc.

Royalty audit services

Our firm specializes in royalty payment audits. As part of this work, we are sent by clients to perform audits at their customers, in order to verify the royalty reports the company receives.