Due Dilligence
A commercial venture should be carefully evaluated before taking a decision to proceed or making any financial commitment.
This applies to every venture, whether it be a merger, acquisition, takeover or privatisation.
This is a discipline known as Due Diligence, a field of specialised knowledge, which helps reduce the risk of acquiring unseen liabilities and risk exposures associated with a commercial transaction.
Increasingly transactions are not just limited to one country, they are global. So the professionals that help evaluate and structure the venture must have global as well as local capability in structuring transactions.
At Ernst & Young Isle of Man we have the capability.
Ernst & Young's planned and disciplined approach to due diligence is thorough and cost effective. Whether we are acting as the investigating accountant or independent financial expert, our due diligence service is about total project management, including the coordination of other work undertaken by specialist advisors in legal and technical matters.
Due Diligence Review. Our Due Diligence Review includes:
- Review of accounting policies
- Review of internal audit procedures
- The quality and sustainability of earnings and cash flow
- The condition and value of assets
- Liabilities and potential liabilities
- Accounting systems and controls
- Tax implications of deal structures
- Examination of key operational processes
- Examination of information systems to establish the reliability of financial information