The Following Are Some of Situations in Which Using Either

question 22

Short Answer

The following are some of situations in which using either monetary unit sampling (MUS)or classical variables sampling would be preferable.Using the letters M (for monetary unit sampling-MUS)or C (for classical variables sampling).
____ 1.Several sampling units in the population have a zero or negative balance.
____ 2.The auditor would like to examine a smaller number of items.
____ 3.The account balance is susceptible to understatement error.
____ 4.The account balance includes a few logical units with very large dollar balances.
____ 5.The auditor is able to form a reasonable estimate of the variability of the population.
____ 6.The auditor would like to ensure that the sampling method provides a conservative (higher)estimate of misstatement in the account balance.
____ 7.The account balance is susceptible to overstatement error.

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Definitions:

Well-Adjusted Adults

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