Can A CPA Do CPR On M&A? Role Of Accountants In Deal Execution

If anyone gets less respect than Rodney Dangerfield did, it would have to be accountants. Just read some of these accountant jokes, or these, and you'll see why. Here at Toolbox World Headquarters, we know the value of good accountants (as much as we know the value of good jokes, be they about accountants, lawyers or best of all, doctors). If you've ever looked through a large (or even small) company's financials, you know accountants' work is underappreciated. Toolbox has looked at published financial statements of all kinds of companies and, while each individual number makes sense, the whole might as well be in Sanskrit. The value of a good accountant becomes clear anytime you need to understand those numbers. But that value can become magnified even more when your client wants to merge with another company. Then, understanding what's in those books can be the difference between great deal and huge debacle. So all joking aside, accountants are one of the lynchpins to M&A due diligence and, even more, problems that arise after a deal that result from inadequate due diligence.

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