Chapter 18

Due Diligence Guidelines –

Interaction with Third Parties including Expert Advisers1

8. Guidance

8.1 A list of questions for third parties that may serve as a useful starting point in the preparation of questions which a sponsor may consider asking the relevant third parties when performing due diligence on the third parties and their work product is attached as Appendix I. Although additional questions may be called for based on the unique circumstances in particular transactions, if the sponsor has asked these questions and received responses it considers to be satisfactory, it should, as a general matter, have done sufficient work to address the issues raised. The sponsor may obtain such information from the third parties through face-to-face interview, telephone conference, by means of a written interview questionnaire, or through on-going discussions with the third parties during their engagement. However, these questions may not be relevant to due diligence on reporting accountants and the sponsor should refer instead to the sample questions for reporting accountants set out in Chapter 20 “Due Diligence Guidelines – Accountants”.

8.2 The exact scope of questions should be tailored to each third party and be determined on a case-by-case basis.


HKCFEF Limited and the contributing law firms, accountants and sponsors are not offering these due diligence guidelines as legal, financial or professional advice or services and they should not be relied upon as such. These due diligence guidelines should not be used as a sole basis for any decision, action or inaction and are not meant to serve as a substitute for the advice of qualified professionals. See here for the full terms and conditions.

List of Due Diligence Questions for Third Parties

Expert Advisers

Face to Face Interviews with Third Parties

Sample Due Diligence Questions for Third Parties Including Expert Advisers

Guidance in Interaction with Third Parties including Expert Advisers

Scope of Questions by Sponsors

Sample Questions for Reporting Accountants
Sponsor Due Diligence Questions

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