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.
Financial due diligence is often undertaken by a reporting accountant who will undertake the work on behalf of the purchaser. Regulatory environment. Due diligence is primarily an assurance engagement and the reporting accountant will be required to have an understanding of both accounting and auditing standards.