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Without diligence your hiring costs, or indeed ingest costs, become insupportable.
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Without due diligence, though, "bad books just sort of sift in, like dust, " said Mr. McMurtry, who purges his collection at least once a year.
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Just as you never take off before doing all the checks, you should never start a project without thorough due diligence.
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Without doing due diligence into costs and holdings, investors can be fooled into thinking that a fund like ARPAX justifies the fees.
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This time, it was Autonomy, an acquisition that the company now admits was made without proper due diligence as it introduces claims of fraud.
FORBES: HP's Future Was Fried Before Screaming Fraud
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Without a lot of due diligence, "we pretty much jumped in, " says Hsieh.
FORBES: Tadpoles
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It has also stepped up the enforcement of preparer penalties against those that do not use due diligence and take return positions without the support of adequate authority.
FORBES: 100,000 Preparers Who Failed to Follow New Registration Rules Are a Danger to Public
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If the plan is not to investigate all these entities, how will KBRA determine which ones should be subject to deeper due diligence and which ones can do without?
FORBES: Kroll Gets Into Bond Gumshoe Biz, Faces Sticky Issues