The primary purpose of the service is to provide the clients with reports on factual findings basing on the procedures agreed by the clients. As the auditor provides a report of the factual findings of agreed-upon procedures, no assurance is expressed in the report. Instead, users of the report assess for themselves the procedures and findings reported by the auditor and draw their conclusions from the auditor's work.
Agreed-upon procedures ("AUP") may be used in buying or selling a business, verifying cash balances, checking security balances, checking income tax provisions, reviewing internal control and environmental management systems...
The service is delivered through the following steps:
While processing the work, we always try to apply proper technology and tools to our work to increase automation and efficiency. We believe that technology application will help to improve report quality, deadline commitment, confidentiality, and cost saving.
It depends very much on the scope of work and responses & cooperation from the client and the target.
As the nature of the business, the Financial Due Diligence is comparably short. We usually manage to finish the service within 2-3 weeks in most cases. For urgent circumstances, we may apply special processes and resources together with active cooperation from the client and the target.