Calculating the sample size using monetary unit sampling depends on which of the following factors?

Question

Quizplus · Accepted Answer

The factors that are used to calculate the sample size using monetary unit sampling include the total recorded monetary value of the population, the estimated amount of errors in the population, and the required precision level of the audit. None of the answer choices mention any of these factors except for choice A, which includes the required precision level of the audit (the acceptable level of deviation from the true value). Therefore, choice A is the best answer.

Calculating the Sample Size Using Monetary Unit Sampling Depends on Which