Week 2 - Due Diligence Flashcards
1
Q
What is the first way we can carry out due diligence?
A
Get recent accounts and check other documentation
2
Q
What is the second way we can carry out due diligence?
A
See if there are any laws and regulations that are applicable - be aware
3
Q
What is the third way we can carry out due diligence?
A
Check other sources
4
Q
What is the fourth way we can carry out due diligence?
A
Check the internet, local press and trade associations
5
Q
What is due diligence?
A
Investigating the client to avoid committing a crime or tort
