The most commonly used method of statistical sampling for tests of details of balances is
A) attributes sampling.
B) systematic sampling.
C) discovery sampling.
D) monetary unit sampling.

Question

Quizplus · Accepted Answer

Monetary unit sampling is the most commonly used method for tests of details of balances. This method involves selecting and testing individual monetary units within the population, which provides higher precision and greater flexibility in sample selection compared to other methods such as attribute or systematic sampling.

The Most Commonly Used Method of Statistical Sampling for Tests