Chapter 16: Audit Sampling for Tests of Details of Balances Objectives After studying this chapter, you should be able to 1. Differentiate audit sampling for tests of details of balances and for tests of controls and substantive tests oftransactions Apply nonstatistical sampling to tests of details of balances 3. Apply monetary unit sampling 4. Describe variables sampling 5. Use difference estimation in tests of details of balances Chapter 17: Audit of the Payroll and Personnel cycle Objectives After studying this chapter, you should be able to 1. Identify the accounts and transactions in the payroll and personnel cycle 2. Describe the business functions and the related documents and re cords in the payroll and personnel cycle 3. Understand internal control and design and perform tests of controls and substantive tests of transactions for the payroll and personnel cycle 4. Design and perform analytical procedures for the payroll and personnel 5. Design and perform tests of details of balances for accounts in the payroll and personnel cycle Chapter 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts payable Objectives After studying this chapter, you should be able to 1. Identify the accounts and the classes of transactions in the acquisition and payment cycle 2. Describe the business functions and the related documents and records in the acquisition and payment cycle 3. Understand internal control and design and perform tests of controls and substantive tests of transactions for the acquisition and pay ment cycl 4. Describe the methodology for designing tests of details of balances for accounts payable using the audit risk model 5. Design and perform analytical procedures for accounts payableChapter 16: Audit Sampling for Tests of Details of Balances Objectives After studying this chapter, you should be able to: 1. Differentiate audit sampling for tests of details of balances and for tests of controls and substantive tests of transactions. 2. Apply nonstatistical sampling to tests of details of balances. 3. Apply monetary unit sampling. 4. Describe variables sampling. 5. Use difference estimation in tests of details of balances. Chapter 17: Audit of the Payroll and Personnel Cycle Objectives After studying this chapter, you should be able to: 1. Identify the accounts and transactions in the payroll and personnel cycle. 2. Describe the business functions and the related documents and re cords in the payroll and personnel cycle. 3. Understand internal control and design and perform tests of controls and substantive tests of transactions for the payroll and personnel cycle. 4. Design and perform analytical procedures for the payroll and personnel cycle. 5. Design and perform tests of details of balances for accounts in the payroll and personnel cycle. Chapter 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable Objectives After studying this chapter, you should be able to: 1. Identify the accounts and the classes of transactions in the acquisition and payment cycle. 2. Describe the business functions and the related documents and records in the acquisition and payment cycle. 3. Understand internal control and design and perform tests of controls and substantive tests of transactions for the acquisition and payment cycle. 4. Describe the methodology for designing tests of details of balances for accounts payable using the audit risk model. 5. Design and perform analytical procedures for accounts payable