In monetary unit sampling,the values of the estimated likely maximum misstatements are referred to as the
A)point estimates.
B)precision intervals.
C)confidence intervals.
D)misstatement bounds.

Question

Quizplus · Accepted Answer

In monetary unit sampling, the estimated likely maximum misstatements are referred to as misstatement bounds. These bounds provide an estimate of the range within which the true misstatement is likely to fall.

In Monetary Unit Sampling,the Values of the Estimated Likely Maximum