Can Moderators Delete or Edit others Posts?

Do moderators have the ability to delete or edit regular members posts? If so how do I give them this permission?

Yes they can if they're allowed to moderate a forum

yes you can

go to
> general
> categories and forums
change permissions of every forum to what you want to have...

also...
you could go to
> users & groups
go to the moderator groups permission..
and check the boxes to what forum they should be able to moderate

Ah so if I set them to moderate a specific category/forum they will be able to edit and delete the posts for them. Gotcha, thanks!

Correct.

Since this thread appears to be solved, I will lock this thread and mark it as solved.
Sanket