2008

Due Diligence

Source: QLD

Published Date: 26 May 2008

 
In uncertain economic times due diligence becomes even more critical - it can be the difference between success or insolvency. If you are an accountant, lawyer of financier and are involved in transactions that are likely to require a due diligence process to be undertaken, you need to make sure you find the needle in the hay stack. This event assisted delegates to ensure the best for their clients when involved in transactions.

Every business has secrets - the question is do you know what those secrets are and are you prepared to deal with them?

Due diligence needs to be thorough because once the deal is done, there is no going back. But how do you know what to look for? Who is the best person to assist? Where does due diligence need to be most diligent?

There are three main areas to ensure your due diligence is successful:

  1. Preparation is the key - you need to know what you are looking for.
  2. Time is money - you need to ensure you have allocated enough time to be thorough.
  3. You pay for what you get - have you covered all the areas that you need to such as legal, financial and taxation? Have you chosen the right people to do the job?

This event provided an overview of why a due diligence process is important and identified key issues from a legal, financial and technical perspective that underpins the process. Particular industry issues were also discussed. Presenters then worked through a scenario highlighting the practical application of the principles which had been discussed.

Due diligence: The legal perspective

Author(s): Reece Walker

A strategic approach to due diligence

Author(s): Greg Bartley

Due diligence: Finding the needle in a haystack

Author(s): Peter Dunn

Details

  • Published On:26 May 2008
  • Took place at:Chifley at Lennons, Brisbane

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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2008

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