A MARRIAGE OF ACCOUNTING FIRMS

Abstract

There is an increasing number of mergers and acquisitions taking place in the market today. Historically, many mergers have been considered failures. Many authors believe that a major cause of failure is ineffective integration of the acquired company into the acquiring company's operations. Consequently, the expected synergy is never realised. The purpose of this project is to illustrate, by way of a case study, the many problems that can arise in the integration process and to suggest ways that these problems can be solved or at least minimised. Only then can the objectives of the acquisition be met.