Until recently, I viewed outsourced financial due diligence as a commodity type of service. In my prior role as a Corporate Development Director, budget was probably my biggest concern when it came to hiring an accounting firm to perform financial diligence. Firm reputation and experience are table steaks. And there’s so much inter-firm movement out there that you can find great resources with big 4 experience, but billed at smaller firm rates.
Then I was talking with a long-time acquaintance, Chris Dalton of BKD (formerly of Ernst & Young, and Grant Thornton), and he mentioned a relatively new development, something he calls, “diligence through data analytics.”