Assurance
Due Diligence Assurance
Since 20179 Since 2017
- FTA approved tax agency
- Fixed fees, quoted up front
- Filed in your name
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Tell us what the business is trying to decide and we will tell you what it would take to answer it.
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Overview
What Due Diligence Assurance involves
When carrying out business transactions, for example, mergers, acquisitions, or joint ventures, due diligence is the predominant task, which in its turn is since risks are being sufficiently spread and decisions are made on the ground of true data which makes them prudent.
- Advisory services, one practice
- 11Advisory services, one practice
- years, since 2017
- 9years, since 2017
- Professionals in Business Bay
- 75+Professionals in Business Bay
The basics
What is Due Diligence Assurance?
Due diligence assurance is an organized inspection and assessment of a company’s financial, legal, operational, and commercial information. It is a key element of any large business deal, like for instance, mergers, acquisitions, investments, or partnership agreements. Moreover, due diligence is used for the purpose of examining business risks, identifying wrong financial performance, checking the compliance is within the framework of the law, and finally, to establish the correspondence between the purpose of the transaction and the buyer's or investor’s goals.
Detailed due diligence assurance is required in the UAE because of specific legal requirements, complex markets with diversities, and many international operational fields. By doing complete due diligence, companies get to the bottom of the concerns and make necessary adjustments to pursue actions in a safe manner.
In the UAE, the credibility of financial and operational reports is a major factor, which is achieved by closely monitoring the quality and the completeness of them. At Vigor Accounting & Taxation, we carry out the entire range of due diligence assurance services. Our assurance services allow our clients to be secure and assured of the transactions they are going to continue having obtained the data from a reliable and verified set of financial statements.
Why it matters
The Importance of Compliance Due
Diligence in Companies Located in the UAE
Our Due diligence is an important aspect in business transactions and mergers, the following is an act of due diligence assurance.
Vigor Accounting & Taxation, offers a systematized and exhaustive check list geared toward meeting the requirements that are specific to your transaction. Our approach includes:
Financial Due Diligence
Legal and Compliance Review
Operational Due Diligence
Risk and Opportunity Analysis
Detail
Due Diligence Assurance
Business Valuation Assurance
Due Diligence Assurance
Risk Assurance
Eleven questions
Nobody wakes up wanting corporate governance
They wake up wondering who gets to decide what. Every service in this practice answers a question somebody actually asked, so here they are as the questions rather than as the names.
Before you commit
The question asked while it is still a decision.
Running it
Direction, money and who decides what.
Knowing where you stand
What the business is worth, what it owes, what the figures mean.
Changing shape
When the business has to become something else, or belong to someone else.
The groupings say when a question usually comes up, not what order to do things in. A business can need a valuation and a succession plan in the same month, or a feasibility study years after it started trading.
Or go straight to one
Government Agencies
We work closely with all Government Agencies
Company formation, licensing, visas, customs codes and tax registration all pass through these authorities. Start a company setup.
Answers
Questions asked about Due Diligence Assurance
The 6 asked most often, answered by an adviser.
01Is due diligence legally required before a merger or acquisition in the UAE?
There is no single law that compels every buyer or investor to commission due diligence, but most banks, investors and free zone authorities expect it before approving a transaction, and it is standard commercial practice to protect both sides. Whether it is required for you generally turns on the transaction structure, the parties involved and any conditions set by financiers or regulators.
02How much does due diligence assurance cost in the UAE?
Due diligence work is quoted after a proposal, since the fee depends on the size of the target company, the number of entities involved, the scope requested and how much financial, legal and operational review is needed. Once the transaction details are known, a firm can give a fixed quote covering the checklist agreed with you.
03How long does a due diligence review take?
Timing depends on the size of the target business, the quality of its records and how many areas are covered, spanning financial, legal, operational and risk review. A straightforward review of a small company with organised records is quicker than one involving multiple entities, incomplete records or cross border operations.
04What types of transactions need due diligence?
Due diligence is typically carried out before mergers, acquisitions, share purchases, joint ventures and significant investments, wherever one party needs an independent check on the target before committing funds. It applies whenever the buyer, investor or lender wants assurance on the financial position, legal standing and operational health of the other party.
05What documents do I need to provide for a due diligence review?
You will generally need to provide financial statements, management accounts, contracts, licences, corporate documents, tax filings and records of any litigation or disputes, depending on the scope agreed. The exact list is tailored to the transaction and is confirmed once the checklist is set with the reviewing firm.
06What does a due diligence review actually cover?
A due diligence review usually covers financial due diligence to verify accounts and cash flows, a legal and compliance review to check contracts and regulatory standing, operational due diligence to assess processes and systems, and a risk and opportunity analysis to flag issues that could affect the value or viability of the deal. Vigor Accounting and Taxation builds this checklist around the specific transaction.
Not here? Ask Vigor, and a specialist picks it up from there.
