DBSA substantially improved our financial position in 2013 by increasing total current assets by nearly 196% and by reducing total liabilities by more than 37%.
The Depression and Bipolar Support Alliance’s (DBSA’s) fiscal year ends each year on December 31. The organization was audited for 2013 by Mann Weitz, LLC, Deerfield, IL. The firm’s report, dated May 12, 2014 expressed an unqualified opinion on DBSA’s financial statements and they found the financial statements of DBSA to be in accordance with Generally Accepted Accounting Principles.
The audit was conducted in accordance with auditing standards generally accepted in the United States, which require that the audit is planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatement. The audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, as well as assessing the accounting principles used and significant estimates made by management.