Due diligence

Due Diligence vs Corporate Compliance

Due diligence is a common concept across all businesses and industries and is a vital part in tackling anti-bribery and corruption in the workplace. The Corporate Financial Institute defines due diligence as a process of verification, investigation, or audit of a potential deal or investment opportunity to confirm all relevant facts and financial information and it can be understood that due diligence should ideally be completed as measure of insurance before a deal is closed between a buyer and a supplier or any form of commercial and professional relationship.

Compliance on the other hand means what it would in the consensus of the word; to follow the rules. IONOS further elaborates the meaning of phrase in a business environment as conforming to the laws, regulations, rules and policies is the part of business operations often referred to as “corporate compliance.