Multiple Choice
In monetary unit sampling,a sampling interval of 900 means that
A) every 900ᵗʰ item will be selected.
B) every 900ᵗʰ dollar in the account will be sampled.
C) expected misstatement is 900.
D) tolerable misstatement is 900.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: An auditor using nonstatistical sampling cannot formally
Q22: In stratified sampling, a maximum of four
Q38: When selecting a sample size for substantive
Q56: Both sampling and nonsampling risks are associated
Q58: The risk the auditor is willing to
Q62: Which of the following is a correct
Q64: Calculating the sample size using monetary unit
Q71: When using MUS, the projected misstatement is
Q83: The method used to measure the estimated
Q112: Which balance-related audit objective cannot be assessed