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Accounting giants ditch Palestinian NGOs after terrorist designation

Ernst & Young Global Limited confirms it is no longer handling accounts of Union of Agricultural Work Committees as PwC confirms it no longer audits accounts for Defense for Children International Palestine.

by  JNS and ILH Staff
Published on  12-10-2021 07:45
Last modified: 12-10-2021 12:51
Accounting giants ditch Palestinian NGOs after terrorist designationReuters

The logos of Price Waterhouse Coopers, Deloitte, Klynveld Peat Marwick Goerdeler, and Ernst & Young | File photo: Reuters

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PricewaterhouseCoopers and Ernst & Young Global Limited, two of the world's largest accounting firms, have confirmed that they will no longer audit two Palestinian nongovernmental organizations recently designated as terrorist organizations by Israel.

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Along with Deloitte and Klynveld Peat Marwick Goerdeler, EY and PricewaterhouseCoopers comprise the Big Four accounting firms.

EY is no longer auditing the Union of Agricultural Work Committees, and PwC confirmed it no longer audits accounts for Defense for Children International Palestine, reported UK Lawyers for Israel in a statement.

The NGOs are among the six designated by Defense Minister Benny Gantz as terror organizations on Oct. 22 for their close ties to the Popular Front for the Liberation of Palestine.

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"Those organizations were active under the cover of civil society organizations, but in practice belong and constitute an arm of the [PFLP] leadership, the main activity of which is the liberation of Palestine and destruction of Israel," said Gantz.

EY ceased auditing the Union of Agricultural Work Committees, even though it only took over the contract in May 2019. PricewaterhouseCoopers had audited Defense for Children International Palestine since 2014, according to UKLFI.

 Reprinted with permission from JNS.org.

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