Due diligence is an onsite process consisting of inquiry and review to gain greater understanding of current conditions prior to taking action on a proposed transaction. It involves extensive research and consideration of all factors that might impact a decision.
Due diligence preceding an acquisition might involve a review of operations as well as financial and tax conditions that would impact the purchase price.
Due diligence also could be performed to determine whether an entity is credit worthy as a precondition to entering into a large contract. At UHY Andy Bryan, we have extensive experience in performing a wide range of due diligence engagements in a variety of industries.