What is an Independent Expert Report (IER) and when is one required?

Directors of public companies that are the subject of a merger, takeover, or other material corporate transaction are often faced with a difficult decision - should they recommend the transaction or not?

Shareholders receive a plethora of information about transactions from the company, counterparties, and the media and are usually left asking critical questions, such as, what is the most objective information regarding this transaction?

An Independent Expert Report (IER), in the context of a corporate transaction, is commissioned and prepared to address these and other similar questions by public company shareholders to assist them in making a decision regarding the transaction.

BDO is a market leader in the preparation of IERs across a range of transaction types and sizes for a number of different industry sectors.

We have compiled this e-book, which provides an overview of the process for developing IERs, the roles your company and its advisers play in this process, and the deliverables you can expect in an IER engagement.

The ebook covers topics such as:

  • What is an IER
  • What type of opinion is expressed in an IER?
  • When is an IER required?
  • Who can prepare an IER?
  • How does an IER differ from an Independent Limited Assurance Report (ILAR)?
  • IER process and timing
  • Information requirements and deliverables
  • Regulatory environment

Download our IER eBook to learn more

 

BDO is the market leader in the preparation of IERs

BDO is a market leader in the preparation of IERs across a range of transaction types and sizes for a number of different industry sectors. BDO completed 38 deals in FY24, with a value of more than $3.86 billion.

The above referenced IER providers include independent accounting firms, multi-national accounting firm networks, and corporate advisory firms.
Source: Connect 4, wholly-owned business of Thomson Reuters (Professional) Australia Limited based on number of IERs for FY24.