Solved

The Method Used to Measure the Estimated Total Error Amount

Question 36

Multiple Choice

The method used to measure the estimated total error amount in a population when there is both a recorded value and an audited value for each item in the sample is:


A) difference estimation.
B) mean-per-unit estimation.
C) ratio estimation.
D) monetary unit sampling.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: The appropriate assumption to make regarding the

Q32: The risk of incorrect rejection is important

Q34: An estimate of the largest likely overstatement

Q37: Using statistical sampling to assist in verifying

Q40: Which of the following is not a

Q73: When using nonstatistical sampling, the auditor must

Q99: If no exceptions were found in the

Q115: The population standard deviation has a significant

Q120: If acceptable audit risk is increased, acceptable

Q128: Why do auditors find MUS appealing?<br>A) MUS