MUS sampling has all of the following advantages over other statistical methods except which of the following?
A)Easier to apply than other statistical sampling approaches.
B)Sample sizes are relatively small.
C)It is a relatively easy way to make sure that negative balances and zero balances are included in the sample.
D)Usually results in a highly efficient sample size.

Question

Quizplus · Accepted Answer

Monetary Unit Sampling (MUS) is primarily designed to focus on larger value items, as it selects items for testing based on their monetary value. This means it inherently targets items that are more likely to have errors of significance to the audit. However, because it is value-weighted, MUS does not inherently ensure that negative balances or zero balances are included in the sample. Including such items often requires specific additional procedures or adjustments to the sampling approach.

MUS Sampling Has All of the Following Advantages Over Other