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Financial due diligence is an exercise carried out on behalf of... ...a prospective bidder in a negotiated bid in order to confirm the accuracy of the information and assumptions on which the bid is based. A due diligence report will provide the bidder with an independent assessment of the business and will highlight and quantify areas of commercial and financial risk. It will also assist finance providers to identify worthwhile investment opportunities - and highlight those where caution should be exercised. A due diligence report will address:
- the dynamics of the business - including critical success criteria, key performance indicators, industry trends and any seasonal implications which may affect the business
- management issues
- taxation risks and opportunities.
It will also comment on the quality of the financial and management information, the proposed structure of the investment and the company's ability to service its terms. The financial due diligence process is a necessity to any transaction and is one in which Grant Thornton is experienced. Reporting Accountants The reporting accountant is an essential prerequisite for any company seeking market listing. The role involves undertaking due diligence work and producing key documentation for the flotation process. As reporting accountants to public company transactions we perform due diligence and undertake reports using highly skilled professional staff who have a wealth of knowledge and experience of the relevant statutory and regulatory regimes that govern such transactions.
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