Problem 11: List the Summary of the Audit Process in correct phases (from beginning to end of audit):

1. Perform analytical procedures and tests of details of balances
2. Complete the audit and issue and audit report
3. Plan and design an audit approach
4. Perform tests of controls and substantive tests of transactions

Phase 1 ______ Phase 2 ________ Phase 3 ________ Phase 4 ________

Give an example of each step.