Assess acceptable audit risk as low, moderate, or high using the information provided in this assignment and information provided in Part I in Chapter 8 (pp. 267–269). Justify your response.
INTEGRATED CASE APPLICATION—PINNACLE MANUFACTURING: PART II In Part I of the case, you performed preliminary analytical procedures for Pinnacle (pp. 267–269). The purpose of Part II is to identify factors influencing risks and the relationship of risks to audit evidence. During the planning phase of the audit, you meet with Pinnacle’s management team and perform […]