Audit and Due Diligence Foundations

Approach audits and due diligence (DD) projects the right way. Explore different types of audits, audit and DD processes, and best practices for auditing ethically and effectively.

Introduction

• Audit, due diligence, and checking the facts
• Overview of audit
• Overview of due diligence

1. The Goal and the Process

• The goals of audit and due diligence
• Who supports the audit?
• Due diligence project support
• Judgment calls

2. Types of Audits

• Internal audit
• Compilation
• Review
• Certified audit
• Certified audit uses
• Tax audits
• SEC audits
• Nonprofit audits

3. Best Practices

• Testing
• Internal control
• Sampling
• Issuing an opinion
• Independence

4. Types of Due Diligence

• Due diligence (DD) differences
• Priority financial DD data
• Merger acquisition
• DD beyond M&A

Conclusion

• Next steps