BIOS, driver update files - order of installation

I ordered an ASUS motherboard today and I want to make sure that it is up-to-date when I get it running. I noticed on Asus's website that some of the devices on the board have had more than one driver updates in the past few months (e.g. version 1.1 one month, then version 1.2 the next month, etc.) The BIOS itself has at least 6 versions on their website.

My question is this: Do I have to instal all the previous updates before installing the most recent update of a BIOS or device driver? or will the most recent update of a BIOS or device driver include all the features of the previous updates?

The most recent version includes all previous updates for BIOS and drivers.