Due Diligence Services in UAE
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Due Diligence Services in UAE for a Closer Look at Your Business
Due diligence is a structured review carried out before entering into an important business agreement, transaction, or change in ownership. It helps businesses examine relevant financial, operational, commercial, and documentary information before moving forward.
A typical review may involve examining a company's financial records, business operations, contracts, assets, liabilities, and other information relevant to the agreed scope.
The areas covered depend on the purpose of the engagement. A financial review, for example, will focus on accounting records and financial information, while an operational review may examine processes, resources, and business activities.
Elevate Accounting & Auditing provides due diligence support based on the specific requirements and agreed scope of each engagement.
Major Types of Due Diligence
Commercial Due Diligence
Commercial due diligence reviews a business's market position, customers, competitors, revenue patterns, and broader commercial information to provide a clearer picture of its business environment.
Financial Due Diligence
This involves reviewing financial statements, accounting records, revenue information, assets, liabilities, and other relevant financial data to provide a structured view of the company's financial position.
Operational Due Diligence
Operational due diligence examines how a business functions in practice. This may include its processes, facilities, resources, systems, and operational information relevant to the review.
Human Resources Due Diligence
This review looks at areas such as organisational structure, employee information, workforce costs, employment arrangements, and HR documentation relevant to the agreed scope.
Customer Due Diligence
Customer-related reviews may involve examining relevant business records and customer information where required for the defined engagement. The scope depends on the purpose of the review and applicable requirements.
Legal Due Diligence
Legal due diligence covers legal matters such as contracts, licences, corporate records, and other legal documentation. Legal advice or legal opinions should be obtained from an appropriately qualified legal professional where required.
Need to discuss your requirements?
Our team can explain the scope of a due diligence engagement and the information generally required.
Reasons for Carrying Out Due Diligence
- ✓To gain a clearer understanding of a business and its records
- ✓To review financial and operational information before an important business decision
- ✓To verify information provided during a business transaction or agreement
- ✓To organise relevant information for internal management review
- ✓To identify areas that may require further professional or specialist review
Have a specific review in mind?
Tell us what you need to assess, and our team can help define the relevant financial and business review areas.
How Is Due Diligence Conducted?
The process depends on the purpose and scope of the engagement. A financial review will require a different approach from an operational or commercial review.
However, a typical due diligence engagement may include the following:
Evaluating the Goals
We first understand the purpose of the review and the information the business needs to examine.
Defining the Scope
The scope is established based on the business requirement, relevant records, review areas, and agreed deliverables.
Reviewing Financial and Business Information
Relevant financial and non-financial information is examined based on the agreed scope. This may include accounting records, operational information, contracts, and supporting documentation.
Inspecting Documents
Supporting documents are reviewed to compare and assess the information available for the engagement.
Reviewing Key Business Areas
The review may cover financial records, operations, commercial information, contracts, assets, liabilities, or other agreed areas.
Preparing the Due Diligence Report
Findings from the review are organised into a structured report covering the areas examined, information reviewed, and observations within the agreed scope.
*Post Due Diligence Support
Where required, Elevate can provide further financial and business advisory support to help management understand the findings and determine areas requiring additional review.
Why Choose Elevate?
Financial Expertise
Our team brings accounting and financial review experience to each engagement.
Defined Scope
We establish the areas to be reviewed before the engagement begins.
Clear Documentation
Relevant records and findings are organised into a structured review.
Practical Reporting
Our reports focus on clear financial and business information that management can understand and use.
UAE Business Experience
We work with businesses across different sectors and operating structures in the UAE.
Looking For Due Diligence Support?
Get a structured review of the financial, operational, commercial, or documentary information relevant to your business requirement.
Frequently Asked Questions
Due diligence is a structured review of relevant business, financial, operational, commercial, or documentary information carried out for a defined business purpose.
It provides an opportunity to review relevant information about the business before an ownership or business transaction is completed.
The scope can include financial records, accounting information, operations, contracts, assets, liabilities, commercial information, and other agreed areas.
The appropriate professional depends on the type of review required. Financial and accounting reviews can be conducted by qualified accounting professionals, while legal or other specialist matters may require the relevant professional adviser.
Elevate Accounting & Auditing provides financial, accounting, commercial, and business due diligence support in the UAE based on the agreed scope of engagement.
The information depends on the scope but may include financial statements, accounting records, contracts, business documents, operational records, and other relevant supporting information.
*Service Scope
Elevate Accounting & Auditing provides financial, accounting, commercial, operational, and documentation review support based on the agreed scope of engagement. Our services are limited to reviewing and reporting on information provided for the engagement. They do not include investment advice, investor matching, financing arrangement, securities transactions, legal advice, or regulated financial services. Findings are based on the information and documents made available for review and do not guarantee any particular business or transaction outcome.