Before commissioning financial preparation for a sale, clarify the work and the expected output.
MNP describes vendor assistance as tailored help compiling financial and operational information, without a due-diligence report. It distinguishes vendor due diligence: an independent assessment with a detailed report. MNP describes this as seller-originated work before advanced buyer discussions. The word independent does not establish an audit opinion.
Treewalk’s quality of earnings (QoE) explainer describes testing proposed adjustments and delivering a narrative PDF plus a workbook of supporting calculations. The page mainly addresses buyers and also describes sell-side work. Treewalk says its report states that no audit was performed and no assurance is provided. Its QoE is neither a valuation nor a substitute for legal, tax or operational due diligence.
These are firm-specific descriptions; the services should not be treated as interchangeable.
Ask what will be compiled, what will be analysed and what the report’s stated limits mean for your proposed engagement.