Our Assurance Services team utilizes the latest accounting practices and audit methodologies to help you manage risk, stay compliant, and improve your business performance. They are available year-round for management consultations and will keep you up-to-date on changes regarding audit and accounting issues, financial reporting and corporate governance matters that may affect you.
High Skilled Team
Our commitment to quality is demonstrated in many ways. One of the major ways is by our constant internal peer reviews to ensure effective time management and quality control in accounting and auditing. Our most recent review expressed the most positive report (Unmodified Report with no Letter of Comments/Pass with no Deficiencies) a firm can receive. We have received this same report with our last ten peer reviews, which encompasses a thirty-year period. Schowalter & Jabouri, P.C. is a member of the American Institute of Certified Public Accountants (AICPA), Government Audit Quality Center (GAQC) and the Employee Benefit Plan Audit Quality Center (EBPAQC).
Our clients can be assured that Schowalter & Jabouri, P.C.’s audit procedures meet the highest level of performance as required by the AICPA.
Not all users of financial statements need the same degree of assurance. We offer three distinct services for our clients involving financial statements: audit, compilation and review. Our team will work with you to choose the appropriate level of service, including the basis of accounting.
Schowalter & Jabouri, P.C. conducts independent audits in conformity with U.S. generally accepted auditing standards. We continually monitor and maintain compliance with auditing and accounting standards and are able to deliver high quality services because of our team’s ongoing training and development.
We believe that the independent audit is a vital tool and platform to understand and assess financial practices and internal controls. We design the audit process to help our clients manage risks and improve practices, as well as to provide meaningful financial reporting that reflects the organization.
Schowalter & Jabouri, P.C.’s risk-based auditing approach tailors the audit engagement to best meet the unique risks and financial reporting needs of each client. Through a combination of interviews with management, review of processes and internal controls and other assessments, we focus our audit approach on the organization’s specific areas of risk (e.g., financial, regulatory, internal growth, personnel, technology). This specific knowledge, combined with management’s objectives and concerns, shapes our audit procedures.
Schowalter & Jabouri, P.C. conducts reviews in accordance with Statements on Standards for Accounting and Review Services issued by the AICPA. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. The independent auditor is not required to obtain any independent corroboration to substantiate the representations made by an organization’s or entity’s personnel. A review is substantially less in scope than an audit and, unless otherwise noted, a review report would state that an auditor did not become aware of any material modifications that should be made in order for the statements to be in conformity with generally accepted accounting principles
Schowalter & Jabouri, P.C. conducts compilations in accordance with Statements on Standards for Accounting and Review Services promulgated by the AICPA. A compilation is limited to presenting the information that management provides in the form of financial statements. Although we are not required to perform any procedures to verify the accuracy or completeness of the information provided by management, our team can help your organization by assisting with adjusting journal entries, summarizing the information in your general ledger and drafting the financial statements. A compilation report would state that no assurance is expressed that the statements are in conformity with generally accepted accounting principles.