INTEGRITY DUE DILIGENCE (IDD)
WHAT IS INTEGRITY DUE DILIGENCE?
Integrity Due Diligence (IDD) is the process of ascertaining the credibility of a company and its founders so as to safeguard oneself from fraud and future litigations. It is a fraud mitigation and compliance exercise which safeguards companies and investors from being defrauded due to lack of proper background checks on various stakeholders. The World Bank says “IDD refers to investigating the integrity risk posed by stakeholders in projects, deals and other joint enterprises.“
Below mentioned is a list (which includes but not limited to) of Due Diligence checks required are as below and are divided into 4 parts. Additional assessment criteria for NGO’s/ Not Profit Organizations are separately mentioned: