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Due Diligence procedures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Due Diligence procedures

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • November 13, 2014 at 2:53 pm #209636
    bilal123123
    Member
    • Topics: 22
    • Replies: 40
    • ☆☆

    I just want to ask that whether we will get credit for some general due diligence procedures such as ensure that no bank covenant is being breached due to takeover,span of employees contracts as the company may have to pay redundancy pay if the current employees are made redundant.

    Review management accounts for internally generated goodwill and brands! Etc

    November 16, 2014 at 9:36 am #210368
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    If its applicable as part of an answer then, yes, you should get credit.

    But make sure that these audit procedures that you have suggested DO address the verb that is an integral part of the question

    If a question asks you for “procedure” then fine

    But if it asks you for matters to consider then, no, they would not score marks

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