I have a IB case study that requires me to come up with diligence questions for management based on a high level overview of the company and financials - any major themes to make sure I hit on (obviously this is dependent on the information i'm given)?

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Any recent pricing/contract changes?

Any recent major customer wins/losses?

Any recent abnormal project margins?

Any recent management hires or departures?

Any pending legal issues?

What does the backlog look like?

Etc...

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depending on the industry, asking questions about industry specific metrics / KPIs can show you took time to come up with a meaningful response

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Customer / vendor concentration
Trends in margin variability (gross margin, EBITDA margin)
Key drivers for topline growth (or decline)

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