What is a due diligence process in Singapore used for?
A due diligence process can be very useful when embarking on any new project or investment. It helps companies to evaluate the project or investment by assessing risk and ensuring that finances are on the right track. By completing the due diligence process, companies can move forward with new projects with full information and a sense of security. Due diligence processes are also valuable when forming partnerships and alliances, and when considering mergers and acquisitions. Conducting due diligence means that companies can make informed decisions.
What are some aspects of companies in Singapore that are studied in due diligence processes?
Some aspects of companies that are studied are accounting records, past financial performance records, earnings records, corporate governance, financial reporting, projected finances, and the risks inherent in the market. While due diligence processes vary based on the company, its depth and the purpose of the assessment, they all have one thing in common: providing a thorough understanding of a company’s financial and strategic position.
