Succession is the process by which communities colonise an ecosystem and are then replaced over time by other communities: Pioneer species: These are the first species to occupy a new habitat, starting new communities. They have rapid reproductive strategies, enabling them to quickly occupy an uninhabited area.
Definition of due diligence. 1  1 law : the care that a reasonable person exercises to avoid harm to other persons or their property failed to exercise due diligence in trying to prevent the accident.
Whilst the reporting accountant, carrying out a due diligence assignment, is not expected to an express an opinion as to the truth and fairness of the financial statements in terms of audit, the reporting accountant may undertake a certain degree of the financial due diligence by applying International Standards on Auditing (ISAs).