What are some uses for my DDS Audit or Reviewed Financial Statement. The obvious is I give it to my regional center and I am in compliance and allowed to continue my vendor relationship with the California Department of Developmental Services as well as my Regional Center. That is a given. Here are a few other uses you may not have thought of.
Marketing: I can use my audit report to show new clients I am certified in compliance with California State Regulations.
Finance: I can use my audit report at my bank. This verifies my income and is useful to obtain loans or refinance.
Taxes: My audit report includes a full review of my tax returns. It’s common for me to find areas which can save vendor’s tax money.
Liability: One of the areas I look at is your LLC, Corporation or business set up. We can help you reduce your liability by keeping your business clean and less vulnerable to law suits. A corporation which is set up wrong or improperly maintained makes the owners possibly personally liable for business debts and issues.
In conclusion, I encourage my clients to make the most of their reviews and audits. Use this valuable information to improve you business, finances, books and security.