Reviews and Compilations

In addition to audit, GRF CPAs & Advisors provides review and compilation services for organizations that require only a limited level of assurance.

An audit of financial statements provides the highest level of assurance that includes evaluation of internal control, an assessment of fraud risk, and other procedures with the goal of obtaining reasonable assurance about whether the financial statements are free from material misstatement.

Our review and compilation services are different from audit because we do not test transactions or pull samples. Reviews and compilations are not only less rigorous and more cost-effective; they may also be a preferred alternative. Many funders, creditors and state charitable registration requirements, for example, will accept these forms of assurance in lieu of a full audit.

Consider Compiled Financial Statements this Tax Season

Even though tax season may not be your favorite time of year, it is an opportunity to consider a compiled income tax financial statement that can benefit you and your business for years to come.

Learn About Compiled Financial Statements


  • Provide limited assurance on financial statements without issuing an opinion
  • Rely upon inquiry and analysis to identify unusual items or trends
  • Detailed audit testing procedures are not applied


  • Provide no assurance
  • Financial data from the organization is presented in the form of a financial statement


Aug 15
Webinar | 11:00 am - 12:00 pm

Navigating the Complexities of Endowments

Aug 22
Webinar | 11:00 am - 12:00 pm

Sage Intacct Q3 2024 Release Overview

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