Auditing Mergers and Acquisitions – Caveat Emptor

Abstract

Adapted from a major study of acquisitions made by British companies both in the UK and in the USA, draws some important lessons for all involved in the acquisition process, and suggests a more proactive role for the internal audit function in acquisition planning. Acquisitions and mergers often fail because insufficient attention is given to conducting an organizational audit of the vendor prior to signing the deal.

Citation

Lees, S. (1992), "Auditing Mergers and Acquisitions – Caveat Emptor", Managerial Auditing Journal, Vol. 7 No. 4. https://doi.org/10.1108/02686909210012806