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Explain the purpose of a due diligence assignment?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/16
Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

The primary objective of the due diligence assignment is not to express an opinion on the truth and fairness of a target's financial statements; it is merely to provide a potential investor with crucial information, gathered as a result of the due diligence assignment, to enable the potential investor to make informed decisions about the potential investment/acquisition of a target entity.

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