In the evaluation of an MPU sampling plan where misstatements have been found, the auditor will not calculate:
A) the estimated population value.
B) the tainting percentage.
C) achieved allowance for sampling risk.
D) precision.
E) adjusted achieved allowance for sampling risk.

Question

Quizplus · Accepted Answer

The tainting percentage is not a concept used in the evaluation of a Monetary Unit Sampling (MPU) plan. MPU focuses on the value of misstatements, precision, and allowances for sampling risk rather than the percentage of items tainted by errors.

In the Evaluation of an MPU Sampling Plan Where Misstatements