Multiple Choice
Which of the following are limitations of using the MUS sampling method?
A) MUS is not very useful in testing for understatement.
B) MUS is not very useful in testing for zero and negative amounts.
C) MUS is not very useful in testing if the auditor expects numerous misstatements.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q64: An example of attributes testing involves obtaining
Q65: Using MUS sampling Describe MUS sampling and
Q66: Discuss the advantages of monetary unit sampling
Q67: Sample size varies directly with sampling risk.
Q68: When an auditor uses MUS and analyzes
Q70: Which of the following is not considered
Q71: Population items with a zero balance have
Q72: When confirming receivables in testing for overstatements,assume
Q73: Planning and documentation of an attributes sampling
Q74: Which of the following is a disadvantage