Business Assurance Services

Add Value with a Dedicated Team of Business Assurance Consultants

You need an advisor who navigates the complex, always-changing regulatory landscape and delivers precise, compliant financial reporting for your business. But you also need a partner who goes beyond verification — someone who offers powerful insights to build stakeholder confidence and position your business for long-term success. Mowery & Schoenfeld’s assurance consultants work seamlessly and efficiently, using clear timelines, detailed planning, and open communication to minimize disruption to your daily operations.

As a well-established and well-resourced Chicago CPA firm providing comprehensive assurance services, we’re committed to client care and building personal relationships throughout every attestation engagement so we can be your trusted partner and problem solver for years to come.

CONTACT US

Michelle Lehmann >
Partner, Assurance Services Leader
Thomas Keenan >
Assurance Partner
Anthony Cullotta >
Assurance Partner
Doug DeLara >
Assurance Partner

Insights

Cash Flow Management: A Complete Guide for Businesses >
Key Considerations in Choosing the Right Audit Provider for Your Search Fund >

Business Assurance Services Our CPA Firm Offers

Enhancing confidence through meticulous auditing

Ensure the integrity and reliability of your numbers with financial statement assurance services, providing stakeholders with confidence and clarity in your business operations.

More about Audit & Attest
Translating numbers into strategic insights

Deliver accurate and timely financial statements, enabling informed decision-making and improving transparency for investors, creditors, and other stakeholders.

More about Financial Reporting
Securing financial stability

Develop robust financial plans, allowing proactive management of resources and optimized business performance in a dynamic market environment.

More about Forecasting & Budgeting
Protecting financial integrity

Examine your employee benefit programs to confirm compliance with regulatory requirements, safeguarding the interests of both your organization and your employees.

More about Benefit Plan Audit

Industries We Serve

Our team offers specialized audit and assurance engagement expertise within a variety of industries, including construction, manufacturing and distribution, healthcare, professional services, software and technology companies, and more. Because we know your field and its specific rules, regulations, and complexities, we can work more efficiently and minimize any rework that can come with an inexperienced  partner.

Our specialties include:

  • Construction work in progress (WIP) and job costing
  • Manufacturing and distribution inventory accounting
  • Reporting for large healthcare centers, private practices, and everything in between
  • ASC 606 revenue recognition for SaaS subscriptions, software licenses, and construction contracts
  • Cash-flow management for manufacturers and distributors

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How We Work: Timeline, Communication, and Deliverables

We take a holistic, big-picture approach to assurance and financial reporting services, using your business’s numbers to learn from your past, analyze your present, and help you shape your future.

Here’s what you can expect from a typical assurance engagement with Mowery & Schoenfeld:

  • Getting started: We begin with a kickoff meeting to get to know your business and discuss your goals for the engagement.
  • Preparation: Our team will set up a plan with delivery timelines, touch base with any previous auditors, and send you a checklist of documents we’ll need from you to ensure you’re audit-ready.
  • Communication: Clear and prompt updates throughout the process keep everyone on track and reduce surprises.
  • Fieldwork: We’ll conduct our review, audit, or compilation, working efficiently to minimize interruptions for your staff and operations.
  • Drafts and feedback: You’ll receive draft financial statements to review, ensuring everything is accurate and reflects your business clearly.
  • Final delivery: Once you’re satisfied, we’ll issue your final financial statements and reporting deliverables.
  • Presentation: We’ll meet with you to go over key findings, share insights, and highlight opportunities for improvement moving forward.

What Sets Us Apart from Other Accounting Firms

As a mid-size accounting and advisory firm, we’re uniquely positioned to offer personalized guidance with access to our partners and high-touch client service. Our teams are well-versed in a wide variety of industries and their nuances and regulations, working with diverse clients including portfolio companies, international businesses expanding into the U.S., search funds, privately held companies, private equity investors, and companies in industries such as manufacturing, technology, professional services, healthcare, and construction. Our Certified Public Accountants also have experience in supporting distressed companies and those facing compliance risks via our Turnaround Accounting Services team.

Our service lines work together to deliver comprehensive client solutions. We also continually invest in audit technology and data tools to support your future growth.

Frequently Asked Questions

What is the Difference Between an Audit, Review, and Compilation? 

An audit is a comprehensive look into your business financial picture, including financial statements, bookkeeping and accounting practices, internal controls, taxes, risk management systems, and other records. Meanwhile, a review is a more limited assurance engagement that doesn’t cover internal controls, risks, transactions, or records. Its limited scope makes it a more affordable option than an audit. Early-stage or growing companies may benefit from a review, while more established or complex businesses may require a full audit. Meanwhile, compilations refer to putting together financial statements. Compilation engagements offer no assurance on those statements. 

When is Limited Assurance Appropriate for Financial Statements? 

Limited assurance might make sense if your business faces budget challenges or time limitations. It’s common for not-for-profits, privately held companies, and startups. Reasonable assurance, or an audit, is often needed for investors, lenders, or other requirements.

Get Started with Business Assurance Services from Mowery & Schoenfeld

Talk to a business assurance advisor today.