The audit of inventories may in the auditor determination of cost of goods sold 2. it is difficult to audit the consideration of the property account. 3. amortization relates to like depreciation relates to property and equipment. intangible 4. auditors consider the expense when determining the correct allowance for doubtful accounts. sales 5. financial statements that the results almost never lead to legal action by financial statement users.

The full sentence is:

The audit of inventories may help in the auditor determination of COGS (cost of goods sold) 2. It is difficult to audit DEPRECIATION without the consideration of the property account. 3. Amortization relates to INTANGIBLE assets like depreciation relates to property and equipment. intangible 4. Auditors consider the BAD DEBT expense when determining the correct allowance for doubtful accounts. sales 5. Financial statements that UNDERSTATE the results almost never lead to legal action by financial statement users.

EXPLANATION:

Cost of goods sold, is the relationship between sales and expenses necessary to produce and store a particular good.

Depreciation is the mechanism by which the wear and loss of value that a good or asset undergoes due to the use made of it over time is recognized.

What cannot or should not be touched receives the qualification of intangible

a. money supply  

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