Due Diligence Definition
'Due diligence' is an umbrella term which represents a number of activities that should be undertaken prior to entering a contractual agreement. The purpose of due diligence is to test and verify the understanding of the contract or the deal to be entered into. The testing activities can include the verification of financial information, staff information, deliverables, previous contracts, assets, properties and human rights (CIPS: Diligent Procurement).
Due Diligence Description *
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Examples of Due Diligence *
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Due Diligence Implementation *
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Due Diligence References (4 of up to 20) *
- Albert, A. (2011) Apple buyer in US took bribes. SupplyManagement.com. [online] Available at: (www.supplymanagement.com/news/2011/apple-buyer-in-us-took-bribes/) [Accessed 2 March 2011].
- Buyington, J.R. and McGee, J.A. (2010) White-collar crime: A due diligence issue in India. The Journal of Corporate Accounting and Finance, Vol.21(6), pp.9-15.
- CIPS: Diligent procurement.
- Goldman, K.D. and Schmalz, K.J. (2005) Doing Due Diligence! Vetting the vendors! Health Promotion Practice, Vol. 6(4), pp. 360-362.
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