Multiple Choice
Why do auditors find MUS appealing?
A) MUS increases the likelihood of selecting a balance of high and low dollar items.
B) MUS is easy to use in the audit environment.
C) MUS provides a nonstatistical, rather than a statistical, conclusion.
D) When misstatements are found, MUS rarely produces bounds in excess of materiality.
Correct Answer:
Verified
Correct Answer:
Verified
Q120: If acceptable audit risk is increased, acceptable
Q121: One of the steps involved in planning
Q122: Acceptable risk of incorrect rejection is the
Q123: The auditor uses monetary unit sampling to
Q124: If the population is not considered acceptable,
Q125: The primary factor affecting the auditor's decision
Q126: Stratified sampling is applicable to difference, mean-per-unit,
Q127: Consider the steps in sampling for tests
Q129: When errors are found in a sample,
Q130: When using monetary unit sampling, the recorded