Prepared by: Rachel Connor, CPA, Hancock Advisors
Business owners considering the sale or purchase of a business within the next five years should understand how to assess the financial health and operational efficiency of the target companies.
Two essential tools business owners consider in this process are Financial Statement Audits and Quality of Earnings (QoE) Reports. These services may appear similar, but they serve distinct purposes and are conducted differently. This whitepaper will clarify these differences and explain their significance in the context of business transactions.