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 "@id": "https://wulfkaal.github.io/entities/due-diligence-questionnaires",
 "identifier": "kaal:entity:due-diligence-questionnaires",
 "name": "Due diligence questionnaires",
 "termCode": "due-diligence-questionnaires",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811718-003",
   "identifier": "kaal:claim:2811718-003",
   "text": "Before the financial crisis of 2008 to 2009, the standard AIMA and MFA due diligence questionnaire templates were often deployed defensively: managers used the old versions to steer investors away from questions that would have exposed weaknesses in the managers' controls.",
   "abstract": "The old versions of those questionnaires were often used in an attempt to avoid investors' questions challenging the manager on possible weaknesses in their controls.",
   "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
   "datePublished": "2016",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "pre financial crisis practice",
    "template based questionnaires edited by the manager"
   ],
   "source_pdf_sha256": "b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811718-004",
   "identifier": "kaal:claim:2811718-004",
   "text": "After the financial crisis of 2008 to 2009 and the Madoff scandal, relatively sophisticated investors stopped accepting the slanted phrasing of due diligence questionnaires and their answers, and the questionnaires became more rigorous as a result.",
   "abstract": "including the Madoff scandal, investors, at least relatively sophisticated investors, no longer accepted the slanted phrasing of the due diligence questionnaires and their answers.13 As a result, the questionnaires became more rigorous.",
   "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
   "datePublished": "2016",
   "claim_type": "mechanism",
   "confidence": "argued",
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   "scope_conditions": [
    "relatively sophisticated investors",
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 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'due-diligence-questionnaires'. Derived node: a roster, not an adjudicated definition."
}