Due diligence is an investigation or audit of an impending investment in order to confirm that all the facts are in order. It includes an assessment of the legal, financial, and business risks that can be associated with the situation. This includes reviewing all of the financial records, plus all of the other material that is involved in the process. Our team at The Accountancy Solutions approach every due diligence case investigation with vigour and professionalism in order to ensure that it is carried out correctly and efficiently.
Our team ensures that we provide care before entering into an agreement with another financial party or financial transaction. A member or members of our team will perform a due diligence by studying the reports and relevant information involved. It is highly recommended for parties to perform a due diligence on each other, regardless of the situation. A due diligence investigation is important for many situations, whether you are buying, merging, or selling. The theory behind the due diligence process is that performing this investigation contributes considerably to an informed decision making.
Due diligence contributes by helping to enhance the amount of quality information that is available for decision makers to make their decisions on and by ensuring that the information is used properly. It also helps the buyer understand such things as what they are buying into, the obligations associated, the nature of the company’s contingent liabilities, the contracts involved, intellectual property issues, litigation risks, and much more. Acquisitions typically involve a substantial amount of due diligence by the buyer. We use due diligence at The Accountancy Solutions to deliberate in an automatic manner on the decision and all of its benefits, risks, and costs associated with acquisitions.
When an acquisition is won by an acquirer, the level of due diligence undertaken is often in direct correlation to how successful the acquisition is. All due diligence work is completely tailored to the deal at hand. We work hard together with clients to provide due diligence in many areas. Some of the areas that we cover in due diligence include: