Vetting
This query is : Resolved
pooja ojha
(Querist)
06 August 2015
what is vetting in which? document vetting is to be done
Arpit Shah
(Expert)
06 August 2015
DEFINITION of 'Vetting'
A thorough and diligent review of a prospective person or project prior to a hiring or investment decision. Vetting most often refers to an individual or group, such as how a board of directors will "vet out" a prospective CEO or other top management position. Vetting of potential suppliers of a contract or business service is a common practice for the managers of a publicly-traded company, where past business results, costs and personal relationships all figure into the final decision.
INVESTOPEDIA EXPLAINS'Vetting'
Today's economies are so global that vetting takes on an increasingly important role. Potential employees or business partners may be located on the opposite side of the globe, with teleconferencing and email replacing face-to-face contact and meetings. Vetting must often be done via the internet or by outsourcing parts of the process.
For investors, vetting often takes the more common name of "due diligence", the rigorous process of researching a potential investment prior to purchase or sale.
A thorough and diligent review of a prospective person or project prior to a hiring or investment decision. Vetting most often refers to an individual or group, such as how a board of directors will "vet out" a prospective CEO or other top management position. Vetting of potential suppliers of a contract or business service is a common practice for the managers of a publicly-traded company, where past business results, costs and personal relationships all figure into the final decision.
INVESTOPEDIA EXPLAINS'Vetting'
Today's economies are so global that vetting takes on an increasingly important role. Potential employees or business partners may be located on the opposite side of the globe, with teleconferencing and email replacing face-to-face contact and meetings. Vetting must often be done via the internet or by outsourcing parts of the process.
For investors, vetting often takes the more common name of "due diligence", the rigorous process of researching a potential investment prior to purchase or sale.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
