What to keep in mind
Define periods and access, compare financial statements to ledgers, invoices, debt and working-capital data, and document qualifications.
Unrecorded or misclassified liabilities can materially affect valuation.
Distinctions often confused
Accounting diligence complements, but does not replace, legal and tax due diligence.
Frequently asked questions
Should the reviewer analyze previous financial years?
According to the transaction's risk profile and agreed scope.
Can findings affect the purchase price?
Yes, through valuation changes or contractual protections.
Informational content. It is not a substitute for professional advice.