Yes. We have significant experience with both selling and merging firms. These transactions are almost always on a prospective basis. Each deal has its unique characteristics, and due diligence on the buy side can expand or contract based on the buyer’s perceived risk.
The structure of the transaction dictates the due diligence depth. For example, if it is a go forward agreement on new cases only, many items on the list are not necessary. If the transaction is a purchase of the firm’s assets and includes an assumption of liabilities, you are likely safer commissioning a CPA to do an audit.If an insider is buying the firm, a simple agreed upon procedure engagement with the neutral CPA may suffice.