When using monetary unit sampling, the recorded dollar population is a definition of all the items in the
A) population.
B) population which the auditor has included in the sample.
C) population which contain errors.
D) sample which contain errors.

Question

Quizplus · Accepted Answer

The recorded dollar population includes all items in the population, regardless of whether or not they contain errors. It serves as the basis for selecting the sample using monetary unit sampling.

When Using Monetary Unit Sampling, the Recorded Dollar Population Is