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.
Another part of due diligence is determining whether your client can continue as a going concern â whether it can stay in business for another year. You may also need to discuss certain audit issues with the people responsible for overseeing your clientâs financial system, which in a larger company means an audit committee.