Question: 21-2 (Objectives 21-1, 21-7) Explain the relationship between the acquisition and payment cycle and the inventory and warehousing cycle in the audit of a manufacturing

21-2 (Objectives 21-1, 21-7) Explain the relationship between the acquisition and payment cycle and the inventory and warehousing cycle in the audit of a manufacturing company. List several audit procedures in the acquisition and payment cycle that support your explanation.

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