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Identify one or more fraud risks that you believe exist due to the nature of Pinnacle’s industry. Indicate the accounts most likely to be affected by the identified fraud risks.

ASSIGNMENT In Parts I (pp. 267–269) and II (pp. 302–303) of this case, youperformed preliminary analytical procedures and assessed acceptable audit risk and inherent risk for Pinnacle Manufacturing.The auditor also assesses fraud risk as part of risk assessment procedures performedduring audit planning. You have been invited by the audit partner on the Pinnacle engagement to […]

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