When conducting due diligence on whether to purchase a business, the two most valuable sources of outside assistance are _____ and _____.
A) customers; suppliers
B) customers; bankers
C) accountants; lawyers
D) vendors; lawyers

Question

Quizplus · Accepted Answer

Accountants can help review financial statements and identify any inconsistencies or red flags, while lawyers can assist with reviewing contracts, identifying potential legal issues, and ensuring that the purchase agreement protects the buyer's interests. While customers, suppliers, bankers, and vendors may provide helpful information, they are not typically as crucial as the expertise of accountants and lawyers in conducting due diligence.

When Conducting Due Diligence on Whether to Purchase a Business