in regards to a business what are your insights and ideas about due diligence? What exactly is it? How is it done? What's it for?

in regards to a business what are your insights and ideas about due diligence? What exactly is it? How is it done? What's it for?100 or more words no format needed.

Due diligence, in regards to a business, forms an extremely important aspect of strategyformation. Due diligence refers to the process of ensuring complete prudence in the processes ofa business,...