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
Q28: PPS samples can be obtained in an
Q34: If analytical procedures are performed with no
Q36: When using monetary unit sampling, evaluating the
Q36: The method used to measure the estimated
Q43: Which balance-related audit objective cannot be assessed
Q48: For stratified sampling, the auditor selects samples
Q52: Monetary unit sampling is not particularly effective
Q56: The auditor is concerned with the audited
Q92: The final step in the evaluation of
Q125: The primary factor affecting the auditor's decision