I am an internal auditor and engaging on an audit looking into inventory valuation and COGS validation. For reference, we use the SAP material ledger. Does anyone have advice or audit procedures they can share?

You may audit if there is Reserve for Market Valuation of Inventory. As you know the valuation of inventory items, specifically in technology driven business, keeps fluctuating based on technology obsolescence. So, the Reserve for absorbing this price fluctuation is very important so that books represent the true and fair financial statements.

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You may audit if there is Reserve for Market Valuation of Inventory. As you know the valuation of inventory items, specifically in technology driven business, keeps fluctuating based on technology obsolescence. So, the Reserve for absorbing this price fluctuation is very important so that books represent the true and fair financial statements.

You may audit if there is Reserve for Market Valuation of Inventory. As you know the valuation of inventory items, specifically in technology driven business, keeps fluctuating based on technology obsolescence. So, the Reserve for absorbing this price fluctuation is very important so that books represent the true and fair financial statements.