You are auditing Husky Inc. accounts receivable and have made a preliminary assessment that internal control risk is low. Which of the following is a correct statement? You will not test internal controls because control risk is deemed to be low. You will test internal controls and significantly increase your test of balance work. You will test internal controls and if your results are within your tolerance rate you will reduce testing of balances. Low control risk indicates a low reliance on controls and the auditor should report to those charged with governance