Avalanche Construction Company (ACC) is a small company listed on the Toronto stoC. that distributes a line of lightweight equipment directly to customers in the construction been in business for over 20 years and during that time has experienced consister expanding its product offerings. ACC sells to customers across Canada from its single f Ontario. On November 1, 2021, ACC acquired Custom Equipment Manufacturing (CEM), a pri manufactures custom-designed heavy equipment (cranes, mining equipment, etc.). T acquisition for ACC that effectively doubles both its revenue and asset base. It is now mid-November and you, the audit senior on the ACC account, have been asked partner to attend a meeting she is having with ACC's chief executive officer (CEO), purpose of the meeting is to discuss the implications the acquisition of CEM will hav operations, and to consider the impact on your year-end audit work. During the meeting, Jack admitted that he knew he was taking a risk when ACC acqu was not sufficient time for a due diligence review to be performed. At the time, there competitive bids and ACC was eager to acquire CEM. Jack also confessed that he anticip of the CEM operations into ACC will be a bit rough. Although both businesses operate Industry custom heavy equipment manufacturing is very different from ACC's distribut