Due Diligence Procedures refer to the collection and analysis of data, documents and other information used to evaluate a potential investment or business transaction. It is a process of careful inquiry and investigations into the facts surrounding a proposed transaction or financial decision. It involves analyzing financials, analyzing legal forms, assessing risk factors and evaluating market conditions. Due Diligence Procedures are crucial for an organization to make informed decisions and protect itself from fraud or any other unethical practices. By thoroughly investigating a potential investment or transaction before getting involved, organizations can get the assurance they need to make an informed decision.