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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › preliminary analytical review
could you please tell me what does this preliminary analytical review is ?and what is its use?and when do we use ?
Consider the draft financial statements to determine areas that appear to deserve the particular attention of the auditor.
It gives focus and direction
It’s a major element of risk-based auditing
Ok?
ok ! sir and thank you so much
means ratio analysis ,whether they appear reasonable or not,i was slightly confused so needed confidence
thank you
Ok, no problem