Working-capital true-up analyst must resolve whether working capital should

SITUATION IT diligence showing two ERPs and no chart of accounts map put post-merger systems-integration risk register in front of working-capital true-up analyst in a public acquirer facing HSR and sector regulators. This M&A Due Diligence / Earnings and Revenue Quality close is working capital should be from post-merger systems-integration risk register, and the live options are Proceed, Reprice, Walk.

DECISION Working-capital true-up analyst in a public acquirer facing HSR and sector regulators must choose Proceed / Reprice / Walk / Hold using post-merger systems-integration risk register after IT diligence showing two ERPs and no chart of accounts map.

HYPOTHESES TO TEST 1. The population in post-merger systems-integration risk register is the one IT diligence showing two ERPs and no chart of accounts map named, so Proceed follows for this Earnings and Revenue Quality file. 2. The population in post-merger systems-integration risk register is adjacent only to IT diligence showing two ERPs and no chart of accounts map; Reprice is the honest M&A Due Diligence call. 3. A public acquirer facing HSR and sector regulators already contained IT diligence showing two ERPs and no chart of accounts map before post-merger systems-integration risk register arrived; no new Earnings and Revenue Quality path. 4. Provenance on post-merger systems-integration risk register after IT diligence showing two ERPs and no chart of accounts map is broken; do not pick Proceed or Reprice yet.

ANALYSIS REQUIRED 1. Name the document working-capital true-up analyst still needs before signing. 2. Test whether IT diligence showing two ERPs and no chart of accounts map is a diligence gap, a price chip, or a walk-away. 3. Separate a one-off add-back from a recurring earnings issue in post-merger systems-integration risk register. 4. For this M&A Due Diligence Earnings and Revenue Quality file, read post-merger systems-integration risk register against IT diligence showing two ERPs and no chart of accounts map and write the one fact that would move working capital should be for working-capital true-up analyst.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Earnings and Revenue Quality packet (post-merger systems-integration risk register after IT diligence showing two ERPs and no chart of accounts map). Lead with the M&A Due Diligence option post-merger systems-integration risk register can support after IT diligence showing two ERPs and no chart of accounts map, then the two facts that force it, then the Monday action for working-capital true-up analyst in a public acquirer facing HSR and sector regulators.

COMMAND RETURNS - Bottom-line M&A Due Diligence option on working capital should be, then the evidence in post-merger systems-integration risk register, then the action for working-capital true-up analyst - Hypothesis scorecard against post-merger systems-integration risk register: supported / rejected / untestable - Earnings and Revenue Quality finding in post-merger systems-integration risk register that a second reviewer can re-perform - Missing page in post-merger systems-integration risk register after IT diligence showing two ERPs and no chart of accounts map, if any