: Review of historical trends to determine the "normal" level of working capital required to run the business. 4. Cash Flow and Capital Expenditure
| Feature | KPMG | PwC | Deloitte | EY | | :--- | :--- | :--- | :--- | :--- | | | Financial Services, Industrial, Real Estate | Tech, Pharma, Consumer | TMT (Tech, Media, Telecom), Consulting overlap | Private Equity, Energy | | Report Style | Very conservative, heavy on "Risk factors" | Narrative, long-form | Visual, dashboard heavy (via Deloitte Connect) | Aggressive on Tax structuring overlays | | PDF Format | High granularity data tables; often password protected | Appendices are separate PDFs | Embedded Excel objects via PDF | Color-coded risk heatmaps |
KPMG's financial due diligence approach is designed to provide clients with a comprehensive understanding of the target company's financial situation. Their team of experienced professionals follows a structured methodology, which includes: financial due diligence report kpmg pdf
Uncover off-balance-sheet liabilities, historical underinvestments, or systemic tax exposure.
While every report is tailored to the specific target and industry, a standard high-end FDD report follows a highly structured, scannable format: 1. Executive Summary : Review of historical trends to determine the
: An evaluation of the cash required to run the business daily, including seasonality and cash conversion cycles. Net Debt & Debt-like Items
If you are planning to engage a top-tier firm for your next transaction, seeking a sample report from providers like Dealroom or Ansarada can help you understand the expected depth and structure of the analysis. Their team of experienced professionals follows a structured
This section looks back at the past three to five years of sales. It breaks down revenue by product, service, or customer. It shows if the company relies too much on just one big client. How to Use a KPMG PDF as a Template