Multiple Choice
An auditor is performing substantive procedures of pricing and extension of perpetual inventory balances consisting of a large number of items. Past experience indicates numerous pricing and extension errors. Which of the following statistical sampling approaches is most appropriate?
A) Unstratified mean-per-unit.
B) Monetary-unit sampling.
C) Stop or go.
D) Difference projection.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: A number of factors influence the sample
Q8: Expected misstatement is directly related to sample
Q9: Classical variables sampling uses normal distribution theory
Q10: Haphazard selection allows the auditor to select
Q11: In a monetary-unit sample with a sampling
Q13: Summarize the concept behind monetary-unit sampling (MUS).
Q14: In statistical or nonstatistical sampling methods used
Q15: The size of the upper limit on
Q16: While performing a substantive test of details
Q17: An accounts receivable account balance is $500,000