The brilliant blog 4812

Most buyers overestimate what audited financials tell them and underestimate what a rigorous quality of earnings report can reveal. An audit answers whether the books follow accounting rules. A quality of earnings assessment asks a different question: how much of the company’s earnings will actually show up for you, the new owner, after deal effects, customer churn, seasonal swings, and one-off events run their course. If you are Buying a Business, or teaching a team throug