The method used to measure the estimated total error amount in a population when there is both a recorded value and an audited value for each item in the sample is:
A)difference estimation.
B)mean-per-unit estimation.
C)ratio estimation.
D)monetary unit sampling.

Question

Quizplus · Accepted Answer

Difference estimation is used to measure the estimated total error amount by calculating the difference between recorded and audited values for each item in the sample.

The Method Used to Measure the Estimated Total Error Amount