Important notice

FirstSounding reports are consulting work product prepared for the engaging client under the terms of an engagement letter.

They are not an audit, review, attestation, or agreed-upon procedures engagement, and do not express an opinion on financial statements. They are not a quality of earnings report, a valuation, or a fairness opinion.

They do not constitute legal, tax, regulatory, accounting, or investment advice. Findings involving legal or regulatory matters are identified for review by the client's own advisors.

Price-impact figures are illustrative ranges for discussion, based on the information available at the time. They are not predictions of outcomes.

Reports rely on documents provided by the seller and the client and on public and third-party sources. We do not guarantee that these sources are complete or accurate, and findings may change as new information becomes available.

Reports are for the engaging client only. Third parties may not rely on them except under a separate reliance letter.

The decision to proceed with, change, or abandon any transaction rests entirely with the client.

Examples and sample findings on this website are illustrative and do not describe any real client, company, or transaction.