In statistical or nonstatistical sampling methods used in substantive testing, an auditor most likely would stratify a population into meaningful groups if:
A) monetary-unit sampling (MUS) is used.
B) classical variables sampling is used in order to focus on large items.
C) the auditor's estimated tolerable misstatement is extremely small.
D) the standard deviation of recorded amounts is relatively small.
Correct Answer:
Verified
Q1: Expected misstatement is directly related to sample
Q2: In monetary-unit sampling, population size is:
A)the dollar
Q3: Monetary-unit sampling should not be used if:
A)the
Q4: While performing a substantive test of details
Q6: After a sample is drawn randomly, the
Q7: Monetary-unit sampling is commonly used by auditors
Q8: For monetary-unit sampling, the number of items
Q9: The risk of incorrect acceptance and the
Q10: Which of the following sample planning factors
Q11: The purpose of audit sampling is to
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