Hi all, I'm currently looking into this space for a self-funded transaction and have heard that the lack of a CPA license could be off-putting to intermediaries and brokers. I understand the audit side of things, but what is the true story? Is the CPA only required if the company needs to remain a "CPA firm" or if audit/attestation work is a majority of the business or do intermediaries and brokers want a CPA for legacy reasons?
I'm interested in a 2.5-7m EV business.
Also, although I'm a technologist, my prior experience has been rooted in accounting and ERP systems, thus this is a space where I have experience-adjacency.