The above mentioned Dependency Walker has not been updated to handle Windows API-sets. A newer tool called Dependencies.exe has been released on GitHub that can hndle Windows API-sets.

From the Dependency Walker wiki article,:

As of Windows 7, Microsoft introduced the concept of Windows API-sets, a form of DLL redirection. Dependency Walker has not been updated to handle this layer of indirection gracefully, and when used on Windows 7 and later it will likely show multiple errors. Dependency Walker can still be used for some application level debugging despite this.

As of October 2017 an Open Source C# rewrite of Dependency Walker called Dependencies.exe has been released on GitHub. It does not yet offer the full range of Dependency Walker features, but has been updated to handle Windows API-sets and WinSxS (side-by-side assemblies).