Due Diligence in Finance is the investigation process that a business organization carries out to review the completeness and accuracy of financial records before an investment, decision or transaction. This extensive process involves gathering information about the financial status of another party with the aim of evaluating their potential for risk and reward. It’s important for organizations to conduct due diligence in order to make sound decisions and protect them from any potential liabilities arising from such transactions. Ultimately, due diligence ensures that everyone involved in the process is getting a good deal.