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