By R. Peter Fontaine
Few CPAs enjoy the due diligence part of a merger. It’s like proofreading legal agreements or checking the answers to a test before handing it into the teacher. It’s not very exciting.
MORE ON MERGERS: How to Merge Sole Practitioners | 13 Questions Between Merger Equals | 18 Concerns About Merging in Smaller Firms | What to Expect When Merging Up | 16 Reasons Merging Up Causes Anxiety | 14 Provisions to Include in a Letter of Intent | Want to Merge? Ask for Data | The Merger Process in 21 Steps | 13 Ways to Screw Up a Merger | 13 Reasons Accounting Firms Merge
By the time due diligence begins, the parties have usually decided they want to come together and due diligence is viewed as a process to confirm a decision which, for the most part, has already been made.