Due diligence is a deep recording of a particular company or group of companies at the request of the user. It analyzes not only past events, but a final conclusion may include projections for the future. The audit of the company is only one part of due diligence and the audit is regulated by the Law on Audit, while according to our practice, the due diligence process always has special requirements of the client.
Forensic accounting is carried out at the request of the originator, usually in the part of its own company or in the company that is the subject of the acquisition. The goal here is to identify potential fraud or irregularities in one of the following business segments: accounting for complex transactions, VAT and cash flow forensics, financial statement forensics (balance sheet, income statement, cash flow), court expert witnesses and bankruptcies, market protection competitions, economic valuation assets, computer forensics and corporate security.
Testing business resilience (business security of the company) is carried out at the request of the originator, and it shows through the indicators of impact on profit, duration and coverage of the company of crisis situations, what is the firm's resistance to a certain crisis situation. This service can only be ordered for a specific crisis group or for all crisis situations.
Practice has shown that companies often test resilience to certain crisis situations to help them decide which crisis situations will be used to provide additional insurance, and which crisis situations the enterprise itself can depreciate. Also, sponsors often use this form of testing when merging and taking over an enterprise in order to detect the level of risk of each individual enterprise segment. The most common crisis situations by risk category are presented below.
Key Project Ltd. is currently conducting phase commercialization of products relating to business resilience companies. More at: https://bresilience.eu/. The new product development specialization is primarily in the first phase related to the construction and tourism sectors.
External crisis situations:
- Natural disasters: floods, earthquakes, droughts, landslides, pandemics, epidemics and fires.
- Strategic Risks: Organized Crime, Occasional Crime, Social Issues, Political Stability, Espionage and Counterfeiting, Terrorism, Evacuations and Reputational Risk.
- Operational risks: risks in the supply chain, foreign exchange differences, the emergence of new technologies, substitutes, changes in customer habits, changes in the business environment (mergers and acquisitions).
Internal crisis situations:
- Accidental events: accidental file loss, computer failure, traffic accidents, technological crises (system failure, software problems), and power outages.
- Intentional events: sabotage, erasure of information, abduction and ransom, robbery and robbery, arrest and detention, fraud and corruption, demonstrations and riots, boycotts and strikes, and spreading rumors.