Multiple Choice
In testing the reasonableness of account balances,MUS sampling is preferred because it provides a smaller sample size.Which of the following are limitations of using the MUS sampling method?
A) tests for overstatement.
B) zero and negative amounts.
C) numerous misstatements.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Control risk that is assessed excessively high
Q20: In MUS sampling,the formula for the
Q21: Random number and systematic sampling are acceptable
Q24: For tests of control procedures the most
Q25: When confirming receivables in testing for overstatements,there
Q27: When an auditor uses MUS and analyzes
Q28: In sample selection,haphazard selection deals with<br>A)each item
Q46: Stratification of the population into several homogeneous
Q78: Increasing the expected failure rate will cause
Q111: Nonstatistical samples should be based on the