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Financial Due Diligence in an AIM listing

 
Mike Bishop Assurance & Business Services Director at Smith & Williamson explains the key duties of a Reporting Accountant in financial due diligence
 
Financial due diligence is one of the major pieces of work in an AIM listing and is often on the critical path for achieving a smooth transaction. Companies need to have a sound understanding of what is required; where possible they should plan ahead to anticipate issues and ideally these should have been dealt with by the time the due diligence is carried out.
 
Financial due diligence for a prospective AIM company is carried out by the Reporting Accountant whose work falls into the following fairly discrete areas:
 
●     long form;
 
●     report on historical financial information (short form);
...

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