HMC Business Consulting, LLC
Herbert M. Chain, MBA, CPA
Independent Director, Audit Committee Chair, SOX Financial Expert, Accounting and Auditing Professional, Professor, Consultant
Sound advice based on experience
Financial Due Diligence Services
Due diligence is all about risk - its identification and mitigation. If risks are not identified, then they cannot be assessed or factored into a cost/benefit analysis. And even if identified, if the risks cannot be mitigated, then management must develop responses...or walk away from the transaction or deal. It is this "unknown unknown" that amplifies risk and exposure.
Studies, and my experience, have shown that lack, or ineffective, due diligence can be a principal factor in the failure of transactions and deals. For this reason, acquirers add professionals to their deal team to perform due diligence on targets. These questions are among those that should be asked:
If these questions are not asked (and answered), you are increasing your risk of acquisition failure. I can assist your team in a cost-effective manner to put a "corral" around the risks.