Question: QUESTION 4: (i) For what purpose would an auditor perform a walk-through of transactions? (ii) State one procedure an auditor could use to gain an

QUESTION 4:

(i) For what purpose would an auditor perform a walk-through of transactions?

(ii) State one procedure an auditor could use to gain an understanding of the control environment.

(iii) Is the following statement True or False? An auditor will perform substantive tests only when the preliminary assessment of internal controls indicates that control risk is high.

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