Ultra-Orthodox Private Education Networks in Israel will be Partially Disconnected from Treasury Systems

In an effort to increase financial transparency and accountability, the Finance Ministry has announced that private networks belonging to ultra-Orthodox organizations Maayan HaChinuch HaTorani and HaChinuch HaAtzmai will be disconnected from its systems. This move will force the chains to open separate bank accounts and establish their own financial departments, which will be responsible for compliance with corporate regulations. The networks will no longer have access to a Treasury auditor and must conduct internal audits themselves. Despite this change, there will still be some level of supervision from the Finance Ministry over the networks, which will approve any significant expenditure or payment.

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By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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