Fairness of recorded balance in accounts payable

Reference no: EM13146435

What is your conclusion about the fairness of the recorded balance in accounts payable for pinnacle manufacturing as it affects the income statement and balance sheet? How does it affect your assessment of control risk as being low for all transaction-related objectives? Assume you decided that tolerable misstatement for accounts payable as it affects the income statement is 230,000.

Reference no: EM13146435

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