Confirmation procedures are highly effective and would usually be used by the auditor as part of their substantive audit procedures in the following accounts except for

Group of answer choices

debt

common stock

cash and cash equivalents

Property, plant and equipment

The audit of inventory and warehousing cycle is unique because many of the tests of inputs to the cycle are tested as part of the audit of other cycles, except for

Group of answer choices

payroll and personnel cycle

sales and collections cycle

acquisition and payment cycle

capital acquisition and repayment cycle