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American Institute of CPAs (AICPA)
Thirty-four accounting professionals at Gelman, Rosenberg & Freedman belong to the American Institute of Certified Public Accountants, the world’s largest accounting association. AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations and federal, state and local governments. Our professionals participate in professional development through workshops, seminars and conferences. Richard J. Locastro, a nonprofit tax principal with our firm, is scheduled to speak at the 2012 Not-for-Profit Industry Conference in Washington, DC.
Members of our firm are recognized as experts in the field of grant auditing. Located near the headquarters of most of the nation’s government agencies, our professionals work with nonprofit and for-profit organizations that receive US government awards in the form of grants, cooperative agreements and contracts. Among the services provided to this segment of our practice are highly-specialized audits that comply with US government requirements, such as the Federal Acquisition Regulations (FARs) and the Office of Management and Budget (OMB) Circulars. In addition to our federal audit expertise, our professionals are well-versed in auditing local government entities and nonprofit organizations.
GRF also provides accounting, auditing and tax advice, performs internal control reviews, assists in the structuring of indirect cost rates and develops accounting systems that meet the unique reporting needs of organizations receiving federal awards. Our audit specialists have the necessary qualifications to audit grants in accordance with the Office of Management and Budget (OMB) Circular A-133. Additionally, our membership in the American Institute of Certified Public Accountants’ Governmental Audit Quality Center provides us with access to a national community of accounting professionals whose commitment to providing governmental audit services enhances our ability to maintain current knowledge and deliver quality services to our nonprofit clients.
GRF is a member of the AICPA Employee Benefit Plan Audit Quality Center. This Center was established to promote the quality of employee benefit plan audits. Membership to the Center is voluntary but to be eligible to become a member of the Center certain requirements must be met. Some of the requirements include sufficient training of all staff who work on employee benefit plans, additional review of employee benefit plan audits during our internal inspection, and additional review of such engagements during our peer review.