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I am a new member of the AADMM and was wondering if you have any information or resources regarding oversight of the DMM. In particular, I work for a social work consulting company. They provide insurance for me and the insurance company has suggested that there be an “audit” or “review” of the DMM function to demonstrate “clean accounting”. I was wondering if others have faced a similar request and how they went about providing independent oversight of their work. Any resources you can provide on this matter would be most helpful.
Thank you,
StephanieDMMs generally work for themselves or work for another DMM agency. This sounds like an unusual situation. You may want to reach out to your AADMM mentor or someone on the Board of Directors for more guidance.
Thank you Natalie. I agree my situation is different than most and I will reach out to my mentor and perhaps BOD.
For those of you working for yourself, do you have any clients (or their representatives like a Trust) asking for “validated” information of the work you do on their behalf (i.e., bookkeeping)? Likely not something you’re asked to provide, but thought I would ask. Thanks!
Hello Stephanie,
Welcome and Congratulations on your membership to AADMM! As Natalie stated, DMMs do work independently or for other agencies providing DMM services. However, as a member of the AADMM Board I was recently asked to respond to a journalist request. One of her questions was about oversight for DMMs and if there was an outside agency who provided this. There is no agency providing this type of oversight, but as AADMM members, we are required to have criminal background checks and also sign an agreement to abide by the AADMM code of ethics and standards of practice. In my DMM business, I am a solopreneur and provide my clients (or their POA/family member) with a detailed accounting of my work either via invoice or else a summary after each meeting. Since I work with clients in person, their checkbook/credit card info/online banking usually remains with them. I only do transactions that are authorized by the client or their rep. I keep their important documents in a file box that I work from in their residence as well, although with some family POAs, we use dropbox to share files. I also connect with the professionals involved with my client and introduce myself. I outline my responsibilities along with sending a signed consent form allowing me to speak with them. I do bank reconciliation and keep track of expenses and income, but do not use the term “accounting” or “bookkeeping” and specify that I am not a CPA. I am a trustee for one client and I had to complete a form and additional information to be vetted by them. Also, any expenses (including my invoices) needed to be accounted for via a monthly form that I submitted. I am a service provider for a program called SAIL, and had to submit an application which also requires an annual criminal background check so they feel pretty comfortable referring potential clients. Hope this is helpful and addresses your question. PS, I am also a social worker and many in our field haven’t heard about DMMs so I understand why you were asked the question 🙂
Barbara – Thank you so much for this very helpful information!
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