The Method Used to Measure the Estimated Total Error Amount

question 88

Multiple Choice

The method used to measure the estimated total error amount in a population where there is both a recorded value and an audited value for each item in the sample is:

• A) mean-per-unit estimation.
• B) ratio estimation.
• C) monetary-unit sampling.
• D) difference estimation.

---

Definitions:

Equal Right

The principle that all individuals should have the same rights and opportunities under the law.

Intent

The state of mind with which an act is done, signifying purpose or intention.

Joint Ownership

A form of property ownership in which two or more parties share ownership rights simultaneously.

Limited Partner

In a limited partnership, a partner who contributes capital to the partnership but has no right to participate in its management and has no liability for partnership debts beyond the amount of her or his investment.