Reports & due diligence · Defined
Intended user
A party identified as an authorized user of a report for its stated purpose and under the engagement’s terms.
Why it matters
Distribution and intended reliance are different. A report prepared for one transaction may not address the questions or requirements of another user.
In practice
A project example
An acquisition report is forwarded to a new lender, which confirms reliance and scope before using it.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.