Diligence

• Due diligence

• Due Diligence in the Distressed Organization

Due diligence is a fact-finding mission or investigative exercise designed to provide the information required to meet a specific goal or objective. Typically, it is used when a business is involved in a purchase or sale or requires financing. However, distressed organizations also require due diligence to address the decision to attempt a turnaround or to liquidate the organization. Most organizations move along a continuum. At one end is the custodial environment of a relatively healthy or robust organization. At the other is distress or even crisis. There are many points in between, and they are not static. The organization in decline represents a special challenge to the process of due diligence. It is a harsh, extreme, ambiguous and exigent environment. In this setting, time is sho...

• Secured Lender, The
• Vol. 66 Nbr. 3, April 2010

• Customer Due Diligence Requirements for Financial Institutions

FinCEN, after consulting with staffs of various Federal supervisory authorities, is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment on a wide range of questions pertaining to the development of a customer due diligence (CDD) regulation that would codify, clarify, consolidate, and strengthen existing CDD regulatory requirements and supervisory expectations, and establish a categorical requirement for financial institutions to identify beneficial ownership of their accountholders, subject to risk-based verification and pursuant to an alternative definition of beneficial ownership as described below.

• Federal Register Nbr. 77 FR 13046, March 05, 2012
• Proposed rules
• Treasury Department

• Legal Due Diligence.

By Milind Kumar Charu Mathur, Advocates Introduction Due Diligence can be widely defined as a broad spectrum of investigative procedures in relati...

• Mondaq Business Briefing
• Nbr. 2002, June 2002

• Revoking the irrevocable buyout: aligning equity with due diligence in corporate dissolution.

ABSTRACT Judicial dissolution of a closely held corporation, the "corporate divorce," is one of the most acrimonious, expensive, and, by almost all ...

• Albany Law Review
• Vol. 75 Nbr. 1, September 2011

• Guidance on Due Diligence Requirements in Determining Whether Investment Securities Are Eligible for Investment

The Office of the Comptroller of the Currency (OCC) is proposing guidance to assist national banks and Federal savings associations in meeting due diligence requirements in assessing credit risk for portfolio investments.

• Federal Register Nbr. 76 FR 73777, November 29, 2011
• Notices
• Treasury Department

• Acquisition Due Diligence: The Art of the Deal

Successful due-diligence demands good communication between the client, the target and the accounting firm. Typically the accountants should submit a specific list of items to be provided by the target. Misunderstandings will delay the completion of the assignment and add cost to the engagement. The items generally requested include: 1. financial statements and tax returns, 2. auditor's management letters issued, and 3. summary of adjusting journal entries. The executive summary consists of the highlights of the due-diligence procedures and provides an introduction for the reader into the findings discovered during due-diligence. The income-statement analysis discusses detailed procedures performed during the due diligence and the results of those procedures. The exhibits attached to th...

• Secured Lender, The
• Vol. 60 Nbr. 5, September 2004

• 21 CFR 60.36 - Standard of due diligence.

• Code of Federal Regulations - Title 21: Food and Drugs

• Understanding the due-diligence process.

Whether it is a debt financing, capital infusion or the sale of your business, at some point, some level of inspection of your business operations, pr...

• New Hampshire Business Review
• August 13, 2010

• Due Diligence for Downtown: Incentives

By sweetening the pot with no-interest loans, the Tulsa Development Authority intends to use $3 million in public funds to generate $17.5 million in downtown housing and retail development. By unanimous vote, the TDA emerged from executive session Thursday to approve due-diligence talks with three developers. This marks the final step before granting them 10-year, interest-free loans under Tulsa's third-penny sales tax downtown housing assistance program.

• The Journal Record
• August 18, 2011

• 34 CFR 682.207 - Due diligence in disbursing a loan.

• Code of Federal Regulations - Title 34: Education