Preliminary analytical reviews are performed to obtain an understanding of the business and its environment. Analytical procedures are an important part of the audit process and are applied during the planning stages of the audit. Prepare a report addressing the following questions: How might an auditor effectively use preliminary analytical procedures in the audit of various expense accounts, such as miscellaneous expenses? How might this enable the auditor to better understand the business and its environment? How do computer$-$assisted procedures impact this audit? Provide a introduction paragraph and conclusion pargraph.  

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Introduction Preliminary analytical procedures play a crucial role in the audit process particularly in understanding a business and its environment When it comes to expense accounts like miscellaneou... View the full answer