In the world of middle-market mergers and acquisitions (M&A), “Quality of Earnings Reports,” or “QoEs,” hold significant importance for potential sellers, potential buyers, and other stakeholders. Despite the critical role that QoEs play in M&A transactions, most business owners are not familiar with them. This guide will teach you the basics of QoEs, describing what they entail, when they occur, who requires them, and why they are essential in today’s middle-market M&A landscape.