1. When in the course of an audit might the auditor find it useful to apply analytical procedures? 2. Analytical procedures are extremely useful throughout the audit. Required: a. Explain how analytical procedures are useful in o (1) The risk assessment stage of the audit. 2) The substantive procedures stage of the audit. o(3) Near the end of the audi a. List the five sources of information that are available to the auditors in developing expectations for analytical procedures. b. List and describe four techniques that may be used by the auditors in developing expectations for analytical procedures