The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who investigate facts concerning investment programs, is to launch a professional due diligence designation program later this year.
The Chartered Due Diligence Analyst (CDDA) will be an internationally recognised designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes a Chartered Due Diligence Analyst® (CDDA), a designation that denotes one as an authority in the due diligence field.
“Understanding how money is invested and all the business and operational functions of investment managers is more important today than ever,” says Andrew Borowiec (pictured), IMDDA Executive Director. “Having the CDDA gives professionals the knowledge and structure to ask the right question and gather the right information to make the right decision for investors and allocators.”
IMDDA will offer its first CDDA exam in November. Applications for the exam will be accepted through the IMDDA web site beginning in September, and include a 16-hour online study resource. Locations for the four-hour, multiple choice test will be available around the globe.
Under development by the IMDDA for more than two years, than CDDA designation denotes a superior level of understanding of international due diligence practices and principles. Obtaining the CDDA distinguishes professionals as having achieved extensive background and experience in due diligence and possessing the skills to understand business, operational, accounting, financial and investment risks. The CDDA will be the recognised standard in Operational and Investment Due Diligence around the globe.
“Earning the CDDA is the hallmark of a committed due diligence professional,” says Borowiec. “It helps drive professional self-confidence, opens doors, creates connections, and offers widespread value and recognition for those with the credentials.”