Anybody know of CPAs that will do a QOE on contingency basis?

searcher profile

December 19, 2019

by a searcher from University of Chicago in 20 2nd St, Jersey City, NJ 07302, USA

I'm looking for a good CPA firm that will do a QOE contingent on deal closing. Any and all referrals welcome.

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commentor profile
Reply by a professional
from Villanova University in Newtown Square, PA 19073, USA
Generally agree with the other replies on this thread - my understanding of the ethics code for CPAs is that they cannot charge a contingent fee for professional services if they’re also offering audit/review/compilation services for that client or if the services include reviewing prospective financial information (forecasts). Some firms may interpret these rules as not applying to QoE work but that being said, you do not want to incentivize someone to close a deal if there are really red flags that should be telling you to walk away from the deal. If your goal is to keep costs down, some ways you may try to do that is to limit the scope, ask the seller or your lender to share in the fees, or see if the provider is willing to discount or defer fees until a deal is closed.
commentor profile
Reply by an intermediary
from Harvard University in Nashville, TN, USA
As an intermediary and former successful search funder, I'd advise against using anyone who'd do QE on a contingency basis. You want complete, absolute, unequivocal assurance that your QE report is devoid of bias or self interest. If the person doing QE has a stake in his/her report, it can be a slippery slope. So that I'm very clear, let me say it this way .... contingency-based QE is almost the worst idea in the world.
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