General Due Diligence FAQs
Below follows a selection of the most frequently asked questions relating to our General Due Diligence service. We trust the information below will be of value to you. If you have any additional questions, please feel free to contact us directly.
What is the difference between due diligence and enhanced and ongoing due diligence, and does Grid Forensic Accounting offer all these services?
Due diligence is the exercise of care taken before an individual or company enters into an agreement with another party and can also be used to evaluate a potential partner and/or buyer. Enhanced due diligence is required when there is any potential increased risk of and opportunity for money laundering or other illegal activities through the exchange of services and products. Ongoing due diligence is exercised for the duration of a business relationship to ensure that all transactions are consistent, and that documents and information collected are kept up to date to maintain the business and risk profile. Grid Forensic Accounting offers all these services.
Is due diligence necessary when buying a house privately?
If you are buying a house through a private sale, it is suggested that you have a due diligence performed on the property and the seller to ensure that you are not being scammed, and to ensure the seller is a reputable person with no outstanding issues on the property.
How long will it take for you to do a due diligence report?
The time will vary depending on the size and complexity of the due diligence that is required.
Read more about our General Due Diligence service.