Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.



An examination of a business’s accounting records by an accounting firm.


There are three levels of services offered by accounting firms: compilation, review, and audit. A compilation expresses no assurance regarding a company’s financial statements and is the least intensive of the three levels of services provided. Most small business’s financial statements are a compilation, while middle-market businesses are ordinarily either reviewed or audited.

Related Resources

Preparing Financial Statements When Selling a Business