Unpopular opinion: I learnt so much more about how my clients run their business and their industries back in Audit than now in FDD

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The goal in FDD is not to audit and understand controls/If expenses are vouched/etc , it’s really to focus on the transaction. M&A is about strategy and how to extract value from a business transaction and a good purchase price, if you want to understand how a company operates, do commercial diligence/m&a consulting or go back to audit.

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I didn’t say FDD was strategy consulting lol. I’m talking about M&A in general. It’s more about having all the variables to make a strategic decision and FDD is there to support the corp dev team/client on that to an extent to close the deal on more favorable terms.

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Stuck on 1-2 clients in audit forever though. Client knowledge largely performative as well imo

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That’s not an unpopular opinion at all

likesmart

I’m in tax but from what I know about the two groups this makes perfect sense to me.

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Interesting. I’m the complete opposite. I’ve learned much more about how companies operate in FDD than I did in audit

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Nice try HR, we won’t got back to audit

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How long have you been in FDD?

Not extremely long, close to 3 years in

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How is this controversial, we basically look at it from a lense of finance. We don't touch the business itself, we just make notes of any red flags in the financials

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