The Audit Team Is Using Monetary Unit Sampling to Examine

question 56

Multiple Choice

The audit team is using monetary unit sampling to examine an entity's accounts receivable balance,which is recorded at $500,000.The team has determined the tolerable misstatement to be $25,000,the risk of incorrect acceptance to be 5 percent,and the expected misstatement to be 2 percent.Using the monetary unit sampling Sample Size table,what is the appropriate sample size?

• A)75
• B)162
• C)231
• D)300

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Definitions:

Gender Differences

The distinctions in characteristics, behaviors, roles, and psychological traits typically associated with being male or female.

Publicized

Made known to the public through the media or through other means of widespread communication.

Cultural Feminism

An ideology emphasizing the value and difference of women's experiences and advocating for women's unique position and rights within society.

Devalued

To decrease or diminish in value, importance, or perception.