Search This Blog

Friday, October 8, 2010

Due Diligence vs. Audit

Due diligence goes far beyond the financial analysis. It differs from an audit in that the latter is concerned with the truth and fairness of historical financial statements only. The scope of a due diligence review is generally wider – it includes a review of historical figures as one of its elements and also involves analysing the sustainability of business, competition, business plan, future prospects, corporate & management structure, technology, synergy of target business to company’s business apart from researching regulatory compliances , legal issues and other financial data


  1. Thank u there any text by the ICAI on the Due Diligence? or any statutory requirement for conducting due diligence

  2. I use Ideals virtul data room for due diligence. As I understand I can also use it for audit?

  3. The convenience of cloud storage is that you don’t need additional hardware. The system can perform data backup whenever the computer is idle. All the same, investing in an efficient cloud-based recovery service will protect you from data loss arising from human error, cyber-attacks and natural disasters. Cloud replication provides recovery infrastructure, even in downtimes, to facilitate off-site data copying and continuous running of replicating applications.
    security online