IDA Assembles each practice into the portfolio pursuant to rigorous acquisition standards. For example, a practice’s profile within each portfolio group will always consist of the following:
1. In depth background checks and verification of current license(s) in good standing.
2. PCAOB compliant, audited financials. Rigorous PCAOB-certified revenue audits for 2022 and for each subsequent month through to the month before close.
3. Comprehensive documentation supporting the audit including 2021 and 2022 tax returns, bank statements from January 2022 through to the month before the close and P&L statements.
IDA also gathers all pertinent financial data on each participating practice and ensures that all financial information is current. IDA can therefore quickly provide any additional due diligence requested by an interested buyer. IDA maintains their own in-house accounting team for rapid delivery of any due diligence required.
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