A transaction walk-through review is most commonly associated with:

Select one: substantive tests. procedures to obtain an understanding. documenting the understanding. tests of controls.

The auditor has assessed control risk as high. Which of the following is not true?

Select one:

The auditor will conduct extensive tests of controls.

The extent of substantive procedures will result in a costly audit.

A predominantly substantive approach will be used.

The auditor is not placing reliance on the internal controls.