The due diligence process varies for different types of companies. The relevant areas of concern may include the financial, legal, labor, tax, environment and market/commercial situation of the company. Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits and labor matters, immigration, and international transactions.

In the modern business era there has been a trend among corporations to focus attention on supply chain management in order to cut costs. This is largely due to an increase in lower cost competitive products and services within a given industry. To make this task easier and more efficient managers have been implementing their supply chain management strategies with MIS. This allows managers to focus on the firms daily operations while MIS monitors what is happening and recommends what should be done based on various facts and figures.

Internal control over financial reporting has always been a major area in the governance of an organization and this importance has been magnified in recent years. This tool is intended to give audit committees basic information about internal control to understand what it is, what it is not, how it can be used most effectively in the organization and the requirements of management with respect to the system of internal control over financial reporting. Note that the primary responsibility of the audit committee with respect to internal control is the system of internal control over financial reporting.