A due diligence audit involves the assessment of an organization, in order to determine its financial performance. It helps one to gain a greater understanding of the business earning capabilities, the competency of the management, the prospective customers, and suppliers, as well as their financial position.
In general, a due diligence investigation is used by an individual or firm that is willing to do any business with a company. The overall objective of a due diligence audit to help the client in evaluating the history, performance, ability, and goodwill of the organization.
Financial due diligence is a review of historical data, including trade results, cash flow and balance sheet of a company to know its financial position. It also includes a review of forecast performance and funding requirements.
Commercial due diligence is conducted to examine various commercial factors, including market conditions, competitor analysis, product or service assessment, and any other commercial data the user wishes to investigate.
Operational due diligence considers the review of non-financial matters of a business, which may include insurance and risk assessment, HR activities, review of systems and processes, evaluation of management team.
Legal due diligence includes the investigation of any legal risk associated with the rights and obligation of the target company. The issues may involve intellectual property, employment disputes, and property ownership.
A business due diligence process, by and large, comprises the following the 5 steps:
We provide the following due diligence services to our clients:
Alriyadah is a financial consultancy firm in UAE, offering a wide range of services including accounting, auditing, software consultancy, and management. We have been providing the best audit services in UAE . At Alriyadah, we assist our clients to perform all type of due diligence in order to maximize the value from a proposed transaction.
For any due diligence services in UAE, contact us – we’d be glad to help.
A due diligence shouldn’t take more than 60 days.
SIG stands for Standardized Information Gathering questionnaires, which contains the list of questions for conducting due diligence. It is an industry-vetted list of questions.