You closed the deal on an important acquisition. Now, a few weeks in, you’re slowly beginning to realize that the business you purchased is different from the business you diligenced. Liabilities related to the pre-closing period are popping up out of nowhere. A material customer just canceled its contract, seemingly out of the blue. Worst of all, your auditors are now telling you that the pre-deal company may not have been recognizing revenues and costs appropriately, thereby overstating the earnings before interest, taxes, depreciation, and amortization (EBITDA) for the business.

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