Mike and Daryl are discussing auditing various attestation clients one day over lunch. Mike is an audit intern and has been assigned to Daryl as a mentee. Mike asks Daryl whether their upcoming audit of a manufacturing entity will be any different from their last audit which involved a service firm. Which of the following represents the most appropriate response by Daryl? There won't really be any difference. Most of the clients we audit operate in different industries but thankfully the inventory accounts and cost flows are generally the same. When we audit a service firm, we have to plan the audit of inventory accounts a little differently. This is because of the increased complexity surrounding multiple inventory accounts with highly varying balances. When we audit a manufacturing entity, we have to plan the audit around auditing raw materials inventories, work in process accounts, and finished goods accounts, which adds to the complexity and risk of the audit. None of these answer choices are correct