Pay due diligence to ensuring you get the best deal

From: The Scotsman | Date: April 21, 2003| Author: Robert Hannah | Copyright information

IT IS necessary to undertake due diligence when buying a business. This is the process where a prospective bidder in a negotiated bid needs to confirm the accuracy of the information and assumptions on which the bid is based.

To do this, they consult an accountancy firm, which will then seek to examine the accounts of the company being sold and ascertain whether they are accurate and reflect the proposed bid on offer.

A due diligence report will provide the bidder with an indep...

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