Assume that you are auditing the financial statements of Wagner Pharma Co. for the year ending June 30, 20X1. Wagner has very large warehouses where it stores its numerous prescription drug products. The company tracks inventory with a radio frequency identification (RFID) system, which it uses to take inventory and control the movement of inventory items. It also uses drones to perform cycle tests of inventory quantities in its warehouses. What are the implications of Wagner’s procedures for the audit of inventories? Explain fully.