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What is due diligence in financial terms?

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Question added by Jahangeer Ali , Chief Accountant , SNOWMAN Middle East FZCO.
Date Posted: 2016/09/24
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by Deleted user

Due diligence mean investigation, detail and depth analysis which is a complex and formal process for the acquisition of a company.

 

In financial terms mean to ensure or investigate all line items of financial statements whether everything is as it seems.

 

 

Muhammad Saleem Akhtar
by Muhammad Saleem Akhtar , Financial Management Accountant , Arabian Company Calcium Carbonate Production

Due diligence (DD) is an investigation or audit of a potential investment to confirm all material facts in regards to a sale, such as reviewing all financial records plus anything else deemed material to the sale.

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