Multiple Choice
How does monetary unit sampling (MUS) ensure that larger dollar components are selected for examination?
A) It requires the auditor to identify all items having a balance higher than performance materiality prior to beginning the sample selection process.
B) It requires the auditor to stratify the sample into larger and smaller dollar components prior to beginning the sample selection process.
C) It defines the sampling unit as an individual dollar within an account balance or class of transactions.
D) It selects components having large balances in the prior audit.
Correct Answer:
Verified
Correct Answer:
Verified
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