INTEGRATED CASE APPLICATION PINNACLE MANUFACTURING: PARTI 8-40 (OBJECTIVES 8-3,8-4) Introduction This case study is presented in seven parts. Each part deals largely with the material in the chapter to which that part relates. However, the parts are connected in such a way that in completing all seven, you will gain a better understanding of how the parts of the audit are interrelated and integrated by the audit process. The parts of this case appear in the follow- ing textbook chapters: Part I-Perform analytical procedures for different phases of the audit, Chapter 8. Part ll-Understand factors influencing risks and the relationship of risks to audit evidence, Chapter 9 Part III-Conduct fraud brainstorming and assess fraud risks, Chapter 10 . Part IV-Understand internal control and assess control risk for the acquisition and payment cycle, Chapter 12. Part V-Design tests of controls and substantive tests of transactions, Chapter 14 Part VI-Determine sample sizes using audit sampling and evaluate results, Chapter 1!5 Part VII-Design, perform, and evaluate results for tests of details of balances, Chapter 16 Chapter 8/ AUDIT PLANNING AND MATERIALITY