For users with reputation between 2000 (inclusive) and something, the FAQ says that we have the following abilities:
2000 Edit other people’s posts, vote to approve or reject suggested edits
The first part is accurate, as you've no doubt seen. The second part, however ... occasionally I find myself poking around in the FAQ for something. I see the list of privileges, panic when I see that I'm supposed to be helping to approve or reject edits and I remember that I haven't ever done any ... and yet that page is unavailable to me.
That's fine, by the way - I'm more than happy to wait until I have the appropriate reputation to use that power - I'd just prefer that the FAQ shows the correct reputation, whatever it may be, to approve or reject edits.