What is due diligence and what does it involve?

Due diligence is the process by which a buyer independently checks the financial and operational position of a target business before completing a transaction. It typically covers the quality of earnings, working capital requirements, net debt position, significant contracts, employee arrangements and any known liabilities. WDS provides financial due diligence for buyers and prepares vendor due diligence reports for sellers, helping them anticipate and address buyer questions before they arise.