A due diligence report is a detailed document that consolidates the results of an extensive examination. This examination can pertain to individuals, businesses, organizations, or investment prospects. Within the report, the analyst delineates the steps taken, the uncovered information, and offers recommendations on next steps. Typically conducted prior to significant events such as investments, partnerships, mergers and acquisitions, business exits, and other transactions, due diligence serves to inform decision-making processes by providing a comprehensive understanding of the subject under scrutiny.