A comparison between the audit and financial due diligence process in Belgium
Promotor(s) : Francis, Yves
Date of defense : 24-Jun-2020/26-Jun-2020 • Permalink :
|Title :||A comparison between the audit and financial due diligence process in Belgium|
|Author :||Franssen, Mike|
|Date of defense :||24-Jun-2020/26-Jun-2020|
|Advisor(s) :||Francis, Yves|
|Committee's member(s) :||Niessen, Wilfried
|Number of pages :||70|
|Discipline(s) :||Business & economic sciences > Accounting & auditing|
|Institution(s) :||Université de Liège, Liège, Belgique|
|Degree:||Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit|
|Faculty:||Master thesis of the HEC-Ecole de gestion de l'Université de Liège|
[en] The purpose of this master thesis was to establish a comparison between the financial due diligence and the audit process. Few papers outlined the significant differences between both processes but did not offer a detailed overview of the key concepts. Therefore, a thorough literature review was performed to provide a detailed overview of the differences and similarities. This methodology enabled to establish a solid foundation for the qualitative survey conducted with experts of the domain. Through semi-structured interviews, the findings of the literature review created a synergy with the answers of the experts to set up a detailed comparison table between both concepts. The findings showed that both processes have similarities but also significant differences that were not addressed in the research before, for example, the principle of materiality. Generally, the differences between both processes increased in recent years. While due diligence became much more customized to the client’s needs, the audit process emerged to a standardized process due to the evolvement of the legal environment.
Cite this master thesis
The University of Liège does not guarantee the scientific quality of these students' works or the accuracy of all the information they contain.