What is due diligence?  What is involved?

Due diligence is defined as:

• The process of investigation, performed by investors or their professional advisors, into the details of a potential investment, such as an examination of reported financial figures and the verification of material facts.

We customize each due diligence engagement to exactly what our client requires.  For example, one due diligence client may have a specific concern regarding the existence of sales and collection of receivables, while another client may want us to focus on operating expenses and inventory valuation.  Open communication is key to a due diligence engagement.  Of course, in the midst of our procedures, we will always keep alert for any items outside our client's original concerns and communicate any potential problems.  The ultimate goal in any due diligence engagement is to provide the client with the maximum level of security possible regarding their key areas of concern in an acquisition. 

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