ACCOUNTING 6600 Top-down vs. Detailed Approach
January 11th, 2018
Top-down vs. Detailed ApproachA top-down approach begins at the financial statement level. It requires the auditor’s understanding of the overall risk to internal control over financial reporting. Discuss how an auditor uses a top-down approach in the audit of internal control over financial reporting to select the controls to test. Compare and contrast a top-down approach versus a detailed approach in an audit. What would auditors gain from using a top-down approach?
