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:

Attitude

A fairly stable evaluative tendency to respond consistently to some specific object, situation, person, or category of people.

Behaviour

The actions, reactions, or conduct of an individual or system in response to external or internal stimuli.

Direct Experience

Knowledge or skill acquisition that comes from personally engaging in a task or activity, as opposed to learning about it from others.

Beliefs

Deeply held convictions or opinions that influence an individual's actions and attitudes.