Due Diligence

Transaction due diligence means conducting an analysis of the investor or its consultants in terms of correct and comprehensive character of the target enterprise. The target could be a potential takeover object, strategic partner, joint venture, and similar. The most frequent motive for a due diligence is buying a company or its part in which case the investor should know what it is it buys. This is the time to ask specialized experts to point at possible takeover hazards and to determine the value of the takeover object. Often, the reasons to ask for a due diligence could be the change of management and supervisory boards of the companies and change of mayors, which assist the new or old management and supervisory structures in protecting their interests.

The forms of due diligence are a due diligence involving accounting and financial matters, legal and tax issues, a due diligence of staff and organization, and a due diligence of technology and know-how.

Review of Operation

A review of operation falls under the assurance engagements that also includes audits but with lower degree of assurance than in the case of an audit. It is suitable for smaller entrepreneurs because it is more cost-effective than an audit.

Bookkeeping Control

It is done at the user's request and it differs from the assurance engagements because it contains a report of all identified irregularities and not only those of material importance. It is useful for those entities wishing to be sure its bookkeeping is done properly and complies with the regulations. Owners, managers, and accountants of the companies, associations, governmental and self-governmental units, about equally require this service.

Tax Control

It relates to tax advisory. The goal of tax control is to identify possible irregularities or shortcomings in the supporting documentation that could result in payment of fines and interest on arrears and could otherwise cause problems to the client. It can be combined with material financial control or with assurance engagements, which makes the service cheaper.

Cost Control

It involves a special service for control of spending the funds for designated purposes in the company. Often used in non-profit organizations and for the projects financed from abroad, and in local self-government units and the institutions owned by them.

Preparation of Business Plans

Usually relates to the clients provided package services. It is a service useful to any entrepreneur not having an in-house planning office, and particularly to small and medium-sized companies.

Analysis of Business Operation

It involves monitoring of a company performance in respect to planned or standard parameters. Based on the analysis, recommendations are made for continuance of operation.

Valuation

It involves valuation of an entrepreneur or its segment. There are several types of valuations and  methods to perform them depending on the valuer's appraisal which of them is more realistic. Usually, it is used in case of purchase or takeover and it is often suggested to relate the valuation to a due diligence study.

Development of Investment Studies

Generally, they are made to get loans from banks but could also be useful in the planning phase.

Business Abroad

Through HLB International, we can offer business services in more than 100 countries worldwide. The services include company incorporation, accounting, tax advisory, and auditing services. We do not charge any extra agency fee to our clients using our auditing services, service packages and other important services should it be necessary to make any contacts abroad.