6. Design and perform tests of details of balances for accounts payable including out-of-period liability tests 7. Distinguish the reliability of vendors'invoices, vendors' statements, and confirmations of accounts payable as audit evidence Chapter 19: Completing the Tests in the acquisition and Payment cycle Verification of selected Accounts After studying this chapter, you should be able to 1. Recognize the many accounts in the acquisition and payment cycle 2. Design and perform audit tests of property, plant, and equipment and related accounts 3. Design and perform audit tests of prepaid expenses 4. Design and perform audit tests of accrued liabilities 5. Design and perform audit tests of income and expense accounts Chapter 20: Audit of the Inventory and warehousing Cycle Objectives After studying this chapter, you should be able to 1. Describe the business functions and the related documents and records in the inventory and warehousing cycle 2. Explain the five parts of the audit of the inventory and warehousing cycle 3. Design and perform audit tests of cost accounting 4. Apply analytical procedures to the accounts in the inventory and warehousing cycle 5. Design and perform physical observation audit tests for inventory 6. Design and perform audit tests of pricing and compilation for inventory 7. Integrate the various parts of the audit of the inventory and warehousing cycle Chapter 21: Audit of the Capital Acquisition and Repayment Cycle Objectives After studying this chapter, you should be able to6. Design and perform tests of details of balances for accounts payable, including out-of-period liability tests. 7. Distinguish the reliability of vendors' invoices, vendors' statements, and confirmations of accounts payable as audit evidence. Chapter 19: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts Objectives After studying this chapter, you should be able to: 1. Recognize the many accounts in the acquisition and payment cycle. 2. Design and perform audit tests of property, plant, and equipment and related accounts. 3. Design and perform audit tests of prepaid expenses. 4. Design and perform audit tests of accrued liabilities. 5. Design and perform audit tests of income and expense accounts. Chapter 20: Audit of the Inventory and Warehousing Cycle Objectives After studying this chapter, you should be able to: 1. Describe the business functions and the related documents and records in the inventory and warehousing cycle. 2. Explain the five parts of the audit of the inventory and warehousing cycle. 3. Design and perform audit tests of cost accounting. 4. Apply analytical procedures to the accounts in the inventory and warehousing cycle. 5. Design and perform physical observation audit tests for inventory. 6. Design and perform audit tests of pricing and compilation for inventory. 7. Integrate the various parts of the audit of the inventory and warehousing cycle. Chapter 21: Audit of the Capital Acquisition and Repayment Cycle Objectives After studying this chapter, you should be able to: