Texas Private School Accreditation Commission (TEPSAC)

Establish Financial Stability

Specializing in providing services to private schools, Gheewala CPA firm is a full-service Certified Public Accounting firm committed to serving clients with personalized attention.

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TEPSAC-accredited private schools in Texas must conduct an annual financial audit or professional review.

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific accounting documents and information as determined by the auditor or as established by AICPA professional standards.

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Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

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A quick reference list of forms and publications, as well as ongoing requirements for Licensed Career Schools in Texas.