A common M&A dispute is the "cash-free, debt-free" adjustment. KPMG provides a trailing 12-month (TTM) and trailing 3-year analysis of receivables days (DSO), payables days (DPO), and inventory turns.
If the KPMG PDF flags "customer concentration risk" (e.g., one client is 40% of revenue), insert an earn-out clause. The seller only gets full price if that client renews contract post-close. financial due diligence report kpmg pdf
Sellers often underreport liabilities. KPMG forensic accountants hunt for off-balance-sheet obligations. A common M&A dispute is the "cash-free, debt-free"
Since actual deal reports are confidential, you can find public educational resources: Sellers often underreport liabilities
filetype:pdf):
"KPMG" "financial due diligence" "report" filetype:pdf
"Quality of earnings" KPMG example filetype:pdf