ANALYTICAL PROCEDURES After pertorming the appropriate tests of the cost accounting records and analytical procedures, the auditor is prepared to design and perform tests of details of the ending inventory balance. Analytical procedures are as important in auditing and warehousing as in any other cycle Arens, Loebbecke, Auditing, &E @2000 by Prentice Hall. Inc.Arens, Loebbecke; Auditing, 8/E ©2000 by Prentice Hall, Inc. ANALYTICAL PROCEDURES After performing the appropriate tests of the cost accounting records and analytical procedures, the auditor is prepared to design and perform tests of details of the ending inventory balance. Analytical procedures are as important in auditing and warehousing as in any other cycle