Week 2 - Due Diligence

Question 1

What is the first thing to do to ensure due diligence?

Answer 1

Try and get recent accounts from clients

Question 2

What is the second thing to do to ensure due diligence?

Answer 2

See if any laws or regulations are applicable

Question 3

What is the third thing to do to ensure due diligence?

Answer 3

See if there is anything that could compromise the audit

Question 4

What is the fourth thing to do to ensure due diligence?

Answer 4

Check client’s reputation with press