Which of the Following Is Not a Disadvantage of Monetary

question 81

Multiple Choice

Which of the following is not a disadvantage of monetary unit sampling?

• A)It may be difficult to select samples from large population without computer assistance.
• B)The total misstatement bounds resulting when misstatements are found may be too low to be useful to the auditor.
• C)The total misstatement bounds resulting when misstatements are found may be too high to be useful to the auditor.
• D)Each of the above is a disadvantage.

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Definitions:

Internal Changes

Alterations occurring within an entity, organism, or system, affecting its internal state or operations.

Implicit Attitudes

unconscious beliefs or feelings toward persons, groups, or symbols that influence a person's reactions and decisions unbeknownst to them.

Automatic Associations

are quick, involuntary connections made between concepts, emotions, or behaviors based on past experiences and knowledge.

Experiential System

A cognitive process based on sensory experiences, intuition, and personal feelings, as opposed to analytical thinking.