Which of the following are limitations of using the MUS sampling method?
A) MUS is not very useful in testing for understatement.
B) MUS is not very useful in testing for zero and negative amounts.
C) N MUS is not very useful in testing if the auditor expects numerous misstatements.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the options are limitations of using the MUS sampling method. MUS is most effective in testing for overstatements, therefore not very useful in testing for understatement. Additionally, MUS is not designed to test for zero and negative amounts, and if numerous misstatements are expected, alternative sampling methods should be considered.

Which of the Following Are Limitations of Using the MUS