Tomorrow is my test and yet I'm still not sure which comes first. From my past progress tests, sometimes I got others correct and in some, I got them wrong.
Is this order right?
1. Understand IC
2. Assess Risk
3. Test Controls
4. Determine NET/Extent of Substantive Test
P.S. to Jeff E. I'm thankful for your mnemonic IRON for test of controls. With hundreds of questions I've encountered, I couldn't get them wrong after I've convinced myself with IRON, no matter how the questions are tossed back & forth.