Get Ready with your due diligence questionnaire!
Download your due diligence questionnaire to evaluate potential risks and opportunities.
Available on Excel, PDF and Notion
Legal Due Diligence
Protect Your Investments with Comprehensive Legal Insights
Get a full comprehension of the company’s legal risks with 6 key questions you should ask during a due diligence.
Uncover Key Financial Metrics for Sound Decision-Making
Mesure the business activity with 6 key questions that will make you master the business potential.
Align with Sustainable and Ethical Business Practices
Be sure you’re making a god choice by investing in a company you would like to manage.
Optimize Performance and Minimize Risks
Understand where are the crucial points and how to optimize them to make profit.
Start the Due Diligence Now
Download your free Due Diligence Checklist available on Excel, PDF and Notion.
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What is a due diligence questionnaire?
A due diligence questionnaire, also known as a DDQ, is a formal document containing questions designed to evaluate an organization’s potential risks and opportunities in the context of a merger or acquisition.
This document assesses the business organization by evaluating regulatory compliance, the company’s position compared to industry standards, as well as factors such as revenue, productivity indicators, and product quality.
What are common types of due diligence questionnaires?
There are many types of questions in due diligence questionnaires, depending on which part of the due diligence process is being addressed, such as:
Legal Due Diligence
Focuses on the legal aspects of the organization.
Financial Due Diligence
Focuses on evaluating the business’s financial health.
ESG Due Diligence
Focuses on the social, environmental, and governance impact.
Operational Due Diligence
Focuses on how the business is organized and how to ensure business continuity after the merger.
Depending on the industry, you may have other questions, such as those related to cybersecurity due diligence.
How to create an effective due diligence questionnaire?
The best practice for creating a due diligence questionnaire is to start with a well-made template, such as the one you can download here.
The questionnaire must have a comprehensive structure that separates the specific parts of the deal.
For efficient follow-up on the deal, we recommend using a checklist to get an overview of the project’s progress.
Additionally, make sure to use a standardized document format that everyone can access. Avoid using an Excel document if another party only uses Google Sheets.
How to use due diligence questionnaires effectively?
To use due diligence questionnaires effectively, we recommend three best practices:
1. Onboard and Review
Set up a remote or physical meeting for onboarding the questionnaire with every person who will work on it. Review any questions, update the questionnaire with new points, and establish regular reviews to compare progress and make decisions in the following days.
2. Analyze Every Point
As a business owner or consultant, you must analyze every item reported in the questionnaire to ensure there are no other areas that require further investigation.
3. Monitoring
Since you should use the questionnaire as a checklist for the project, assign someone to monitor the overall project and manage where the attached documents are stored. For document storage, we recommend using software like Timeref, where you can upload documents to a digital vault starting from €8.50/user/month and later open a data room from the digital vault.