Substantive tests of transactions most likely would be performed by the continuing auditor

1. When the auditor has performed analytical procedures that suggest the account balance involved is consistent with the auditors expectations.
2. When the auditor has performed risk assessment procedures that suggest a low level of risk of material misstatement.
3. When the account involved is material and has a high level of activity.
4. When the account involved is material and has a low level of activity.
5. When the account involved is immaterial.