Assurance Services

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 American Institute of Certified Public Accountants (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 American Institute of Certified Public Accountants (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.