Reviews and Compilations

In addition to audit, Gelman, Roseberg & Freedman 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.


  • 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

Upcoming Events

Jun 27
Webinar | 2:00 pm - 3:30 pm

Using Form 990 to Tell Your Story

May 22
Sponsorship | 12:00 pm

2019 Irish Arts Center Golf Outing

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