The following are parts of a typical audit of historical financial for a company with a calendar year-end of December 31.

1. Issue the audit report
2. Gain an understanding of internal control and assess control risk
3. Do analytical procedures for accounts payable for substantive tests
4. Obtain management representation letter

What is the in the sequential order in which you would expect them to be performed in a typical audit (from first to last)?

Group of answer choices

4, 2, 3, 1

4, 2, 3, 1

2, 3, 1, 4

4, 3, 2, 1

2, 3, 4, 1