Prior to any project, it is essential to assess risks and opportunities.
This process should not be limited to analytical accounting.
It is necessary to conduct an extra-financial study. Indeed, prior to extending operations beyond national boundaries or to import and export, is essential to learn about opportunities and risks of the target.
A full risks assessment is a prerequisite on logistical facilities, country risk, local market, political stability, taxation, management, legal environment, transparency, corruption risks, ultimate beneficial owners …
During the acquisition of a company or the realization of a local partnership it is essential to be compliant with your regulator, as well as to your clients regulators, or even with third-parties regulators. For example, any transaction using US dollars is entitled to the US laws and regulations.
Recruitment is also a strategic point which needs a comprehensive risk assessment. The recruitment procedure is risky for company. Due diligence on a candidate can mitigate risks, especially if the candidate must occupies a key position.