Monetary-Unit Sampling Should Not Be Used If

question 27

Multiple Choice

Monetary-unit sampling should not be used if:

• A)the population includes several large items.
• B)the auditor expects overstatement errors.
• C)many items in the account are expected to have errors.
• D)no items in the account are expected to have errors.

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Definitions:

Stereotype Threat

The risk of confirming as self-characteristic a negative stereotype about one's group, which can negatively affect the performance in the area to which the stereotype is relevant.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Test Performance

The outcome or scores obtained from an assessment or evaluation, reflecting the individual's knowledge, skills, or abilities.

Stereotype Threat

The apprehension or fear that one's behavior will confirm an existing stereotype about one's group, which can negatively impact performance.