200+
DSS has served over 200 schools since 2011.
30+
Over 30 years of experience in accounting services.
$10 million
We helped organizations save over $10 million since 2011.
$1 billion
Managed over $1 billion in financial reporting.
Our Capabilities
Our audit preparation services ensure a smooth audit process with pre-audit assessments, accurate financial statement preparation, and organized documentation. We also provide compliance support to help your organization meet all regulatory standards and minimize risks during audits.
We conduct a thorough review of your financial records, identifying any discrepancies or areas of concern before the formal audit begins. This proactive approach minimizes the risk of findings during the audit.
DSS ensures that all financial statements—balance sheets, income statements, and cash flow reports—are accurate and fully compliant with relevant accounting standards.
We help gather and organize all necessary documents, including payroll records, accounts receivable/payable reports, and tax filings, ensuring everything is ready for auditor review.
DSS helps your business navigate complex regulations, ensuring that your organization complies with all relevant standards, including IRS, EEOC, and other regulatory bodies.
Why Organizations Need Audit Preparation Services
Many organizations struggle to effectively prepare for an audit. Our audit preparation services provide peace of mind, allowing businesses to approach audits with confidence and reducing the risk of penalties or non-compliance issues.
Inconsistent & Disorganized Financial Records
Many educational institutions struggle with maintaining consistent and organized financial records throughout the year. This challenge is especially common in organizations that rely on multiple funding sources, such as federal, state, and private grants, which often come with specific reporting requirements. Inconsistent record-keeping can lead to discrepancies and missing information, making it difficult to verify data during an audit. Ensuring that all financial documents, such as balance sheets, income statements, and payroll records, are up-to-date and well-organized is critical to a successful audit.
Compliance with Regulatory Requirements
Educational institutions must adhere to numerous regulations at the federal, state, and sometimes local levels, depending on their funding sources and organizational structure. For example, schools often need to comply with guidelines from the IRS, Department of Education, and other regulatory bodies. This can be overwhelming, especially when regulations change or when institutions face different compliance requirements for various funding programs. Non-compliance risks audit findings or penalties, making regulatory adherence a major challenge during preparation.
Lack of Internal Controls &
Pre-Audit Assessment
Another challenge for educational organizations is the lack of robust internal controls and pre-audit assessments. Internal controls are necessary for identifying and mitigating financial discrepancies, fraud risks, and operational inefficiencies. Without them, schools may not detect issues until an auditor brings them up, increasing the risk of adverse findings. Conducting pre-audit assessments is a proactive step that can help identify potential problem areas early, yet many institutions lack the resources or expertise to perform these assessments effectively.
"We have complete trust in the DSS team and know they are fully committed to our success."
Charter Organization CEO
