Relationship between tests of acquisition and payment cycle, Auditing

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Relationship between tests of acquisition and payment cycle

Response to the following questions:

1. Explain the relationship between tests of the acquisition and payment cycle and tests of inventory. Give specific examples of how these two types of tests affect each other.

2. Explain the relationship between tests of the acquisition and payment cycle and tests of accounts payable. Give specific examples of how these two types of tests affect each other.

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Auditing: Relationship between tests of acquisition and payment cycle

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Auditing: Relationship between tests of acquisition and payment cycle

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