According to the Association of Certified Fraud Examiners, nearly 50% of small businesses will experience fraud at some point, at an average cost of $114,000 for each instance.
“Business fraud can not only cost you money but can also damage relationships with vendors, customers, and even shareholders.”
Due diligence is a process of verification, investigation, or audit of a potential deal or investment opportunity to confirm all relevant facts and financial information, and to verify anything else that was brought up during an M&A deal or investment process.
Due diligence before a deal provides the interested party/buyer with all the information needed to make the right decision.
Importance of Due Diligence/FDD/Credit worthiness of a company
Contributes to making informed decisions by enhancing the quality of information available to decision makers.
Help with transparency, trust.