SCOPE
What the work covers
Financial due diligence
Review of historical results, quality of earnings, working capital and debt-like items.
Tax due diligence
Review of direct and indirect tax positions, pending proceedings and exposures.
Compliance review
Review of statutory filings and registrations relevant to the transaction.
Information review
Analysis of management information, contracts and key balances.
Findings and exposures
Identification and quantification of matters for negotiation or protection.
Post-deal support
Support on accounting, tax registrations and reporting after completion.
APPROACH
How matters are handled
The scope is agreed with the client before work starts, including the period covered and the access to information available. Findings are discussed before the written report is finalised.
01
Plan
Scope, timelines and information required are agreed in writing.
02
Review
Records and information are examined and tested.
03
Discuss
Findings are discussed with management before reporting.
04
Report
A written report sets out findings and recommendations.
LAWS AND FORUMS
Framework and outputs
LAWS
Income-tax and GST laws
Companies Act, 2013 and LLP Act, 2008
Accounting Standards and Ind AS, where applicable
Guidance issued by ICAI
TYPICAL OUTPUTS
Due diligence report
Summary of tax exposures
Quality-of-earnings analysis
Post-completion action list
