An audit specifically designed to investigate the value of strategic initiatives such as mergers and acquisitions, prospectuses and investment decisions is known as:
A) a performance audit
B) a forensic and probity audit
C) a due diligence audit
D) a social audit

Question

Quizplus · Accepted Answer

A due diligence audit is specifically designed to investigate the value of strategic initiatives such as mergers and acquisitions, prospectuses, and investment decisions. It involves a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.

An Audit Specifically Designed to Investigate the Value of Strategic