Read the overview below and complete the activities that follow When auditing inventory and cost of goods sold, auditiors select the most appropriate procedures for the audit but typically follow the same general pattern. CONCEPT REVIEW While selection of the most appropriate procedures for an audit will be guided by the nature of the internal controls, auditors typically follow the same general pattern of work 1Inventories are often a large 2 Inventories are often a large 3. The determination of the value of ending inventory affects net income 4 When testing controls around inventory, auditors are considering the 5 An important step of testing controls is comparing quantity and in the invoice, purchase asset of a company's balance sheet asset of a company's balance sheet. transaction cycle. 1 order, and receiving report ype here to search Read the overview below and complete the activities that follow When auditing inventory and cost of goods sold, auditiors select the most appropriate procedures for the audit but typically follow the same general pattern. CONCEPT REVIEW While selection of the most appropriate procedures for an audit will be guided by the nature of the internal controls, auditors typically follow the same general pattern of work 1Inventories are often a large 2 Inventories are often a large 3. The determination of the value of ending inventory affects net income 4 When testing controls around inventory, auditors are considering the 5 An important step of testing controls is comparing quantity and in the invoice, purchase asset of a company's balance sheet asset of a company's balance sheet. transaction cycle. 1 order, and receiving report ype here to search