What is NOT a component of due diligence?

Due diligence is a comprehensive process typically conducted before entering into a business transaction, such as a merger or acquisition. It involves the investigation and evaluation of various aspects of the business in order to understand its true value and risks involved.

The verification of facts and details is a critical part of due diligence because it ensures that all claims made by the target company can be substantiated with evidence. This helps to identify any discrepancies in the information presented.

Market value assessment is also an important component as it helps the potential buyer understand the economic worth of the business in the marketplace. It involves analyzing financial performance, market conditions, and competitive positioning.

Financial audits are fundamental to the due diligence process because they provide a thorough review of a company's financial records and statements. This evaluation helps to uncover any financial irregularities or liabilities that could impact the investment decision.

In contrast, business training programs do not relate directly to the evaluation of a business’s financial health or value. While training programs can be crucial for personnel development within a company, they are not a standard component of the due diligence process, which focuses more on financial, legal, and operational assessments to mitigate risk and ensure informed decision-making.