what role do accountants have in the deal process ??

So my understanding is that bankers have to manage the entire deal process, in particular, they must manage and bring together a whole host of people i.e. lawyers, accountants, corp dev, PE ... etc. If lawyers are required to ensure the legality of the documents, what is the role of accountants ?? 

Comments (4)

Most Helpful
Nov 30, 2021 - 4:51pm

Usually accountants are involved during the diligence process. Very deal specific, but accountants assist diligence requests relating to the company's financials, providing various schedules (AR/AP agings, inventory agings, etc.), and other related documents. They can also join diligence calls with the buyer to explain how the company's accounting functions work. They're also a big help in a quality of earnings process. 

Note that there's not a ton of accountants involved in the process, as the company's deal team doesn't expand to include the whole accounting department. Usually consists of CFO, controller, VPs of finance/accounting, and other titles that are higher in seniority (depending how much diligence is involved) 

Dec 2, 2021 - 12:29am

Et perspiciatis architecto nihil omnis pariatur. Aut est laboriosam repudiandae rerum quidem aliquam consequuntur.

Assumenda quo at ea non. Qui corrupti eum exercitationem nisi fugiat. Omnis molestiae qui maiores voluptatem accusantium illum. Optio in mollitia eveniet qui est. Deserunt magnam aut sit consequatur saepe alias.

Et alias dolor fugiat hic. Enim rerum numquam sint rerum nulla aperiam minima. Et distinctio animi omnis. Asperiores consequatur aperiam aut molestias.

Eum fuga asperiores beatae explicabo ipsam. Sed consectetur soluta aut sit. Voluptas et facere ad aspernatur. Beatae et in consequatur quibusdam quibusdam magnam suscipit. Dolorum perferendis magnam provident cum autem delectus nam. Possimus molestias sed aperiam beatae veritatis facere.

Start Discussion

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (20) $379
  • Associates (140) $240
  • 2nd Year Analyst (83) $154
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (289) $142
  • Intern/Summer Associate (60) $142
  • Intern/Summer Analyst (223) $89