Multiple Choice
Monetary-unit sampling is said to eliminate the need to stratify the sample because:
A) sample items are selected in proportion to their dollar amount.
B) the risk of incorrect acceptance is inversely related to sample size.
C) tolerable misstatement is considered when determining sample size.
D) the upper limit on misstatements can be computed based on statistical principles.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q19: Match the following.<br>-MUS misstatement<br>A)an individual dollar<br>B)the total
Q20: The confidence factor for nonstatistical sampling is
Q21: Match the following.<br>-MUS Upper misstatement limit<br>A)an individual
Q22: If the upper limit on misstatements exceeds
Q23: You have been placed in charge of