Due diligence can be defined as "investigation by or on behalf of an intended buyer of a business to check that it has the desired assets, turnover, profits, market share positions technology, customer franchise, patents and brand rights, contracts, and other attributes required by the buyer or claimed by the seller. It means, essentially, to make sure that all the facts regarding an organization are available and have been independently verified. In practice, designated due diligence personnel (e.g., a team of financial, technical, and/or legal experts) review and analyze all operative documents, interview key personnel, and report their findings prior to making the required decision(s). Discuss at least five (5) focus areas when planning due diligence audits. (20 marks)

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When planning due diligence audits its crucial to focus on key areas to ensure a comprehensive assessment of the target business Here are five essential focus areas Financial Analysis Financial due di... View the full answer