Due diligence services are typically provided to a buyer in connection with company mergers and acquisitions. Engagements are generally fact-finding and include:

• A study of financial information and accounting practices
• Analysis of historic financial statements
• Review of independent auditors' or accountants' workpapers
• Inspection of tax returns
• Discussions with target/buyer management and their independent auditors or accountants
• Assistance preparing or assessing pro forma or prospective financial information

The extent and nature of the services are generally tailored to the needs of the client. The engagement may contain aspects of consulting, agreed-upon procedures, examination, and/or review engagements. Professional standards for a due diligence engagement ordinarily includes Statements on Standards for Consulting Services (“SSCS”), Attest Standards (“SSAE”) (for agreed-upon procedures, financial forecasts and projections, and pro forma financial information engagements), and Statements on Standards for Accounting and Review Services (“SSARS”).

SMART has extensive experience with merger and acquisition transactions and has provided due diligence services for both domestic and international acquisitions. As organizations go through any merger or acquisitions, the leadership in both entities hopes for quick and efficient integration, accurate financial reports, open lines of communication, and much more. And establishing an experienced Project Management Office (PMO) is critical for success. SMART can help make it happen. SMART’s M&A Team offers a complete range of support in all key areas across the merger and acquisition business cycle.