Place the following steps in the top$-$down, risk$-$based approach to the audit of ICFR in their proper order:

Identify significant accounts and disclosures and their relevant assertions.

Select controls to test.

Understand likely sources of misstatement.

Identify entity level controls.

Multiple Choice

$1,2,3,4.$

$4,1,3,2.$

$3,4,1,2.$

$4,2,1,3.$