What is a top down approach to planning an audit What are the steps How does this approach link the financial statements to ultimate audit program steps Why does AS 5 direct the auditor to use this approach in assessing materiality

Question: What is a top down approach to planning an audit? What are the steps? How does this approach link the financial statements to ultimate audit

What is a top down approach to planning an audit? What are the steps? How does this approach link the to ultimate audit program steps? Why does AS 5 direct the auditor to use this approach in assessing materiality?

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