Increasing numbers of funders are requiring research organisations to conduct due diligence on overseas partners/collaborators/sub-contractors as part of the grant terms and conditions. In response to this, QUB has developed an internal due diligence process and assigned a dedicated resource to aid academics in this process. Information on this process can be found at the below link (internal staff only).
QUB’s internal process is based upon the UKRI guidance with respect to due diligence, and as such encompasses the recommended pillars below.
|Governance and Control||Ability to Deliver||Financial Stability|
|Governance||Past Performance||Financial viability|
|Fraud, bribery, corruption, money laundering and slavery||Staff capacity and capability (number, track record)||Financial Management e.g. experience of finance team and segregation of duties|
|Internal Controls||Infrastructure and programme management for research||Strength of audit, internal and external|
|Risk Management||Monitoring and management||Value for money|
|Ethics||Training||Policies, procedures and systems – incl IT systems|
|Assurance Processes||Equality and Diversity||Separate bank account|
|Research Governance||Data Management||Income from other sources – diversity of income streams|
|Misconduct||Openness and Publications transparency|
QUB adopt a risk based approach with respect to due diligence, recommending the conducting of due diligence at all stages of the project lifecycle – application, contract and post award stage.
For any individual questions or further information relating to due diligence, please contact the Global Partnerships Compliance Officer, Dr Noleen Morgan at the below email address.