Due Diligence & Documentation When Merging CPA Firms
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event. Learning Objectives: The goal of this session is to give the attendee every opportunity to perform effective and encompassing due diligence thereby giving any acquisition or merger the best possible success potential. Program Content:
The success of most any acquisition or merger between CPA firms begins, and unfortunately often ends, with the performance of due diligence. The successful and effective performance of due diligence between two CPA firms begins internal to each firm and it has very little to do with the numbers. Effective due diligence is a multi-faceted and comprehensive examination of culture, personality, risk, integration, staff and staffing, tangibles and intangibles as well as the “numbers”. We will speak to the following questions and components of effective due diligence:
- What are the seven (7) Major Focus Areas of Due Diligence?
- What is considered the "best practice" process with regard to analyzing the opportunities or lack thereof regarding intangible or non-financial information?
- What should be the key focus of due diligence to maximize efficiency and reduce resource utilization?
- What due diligence and planning should be performed internally before the external due diligence?
- What due diligence is rarely performed but is key to maximum value recognition and realization?
- What are the key review metrics that should transition from the process of due diligence into the documentation phase with the result creating the structure of the deal and delivering a more seamless and efficient transaction, if and after the deal is consummated?