Which of the following is not an advantage associated with monetary unit sampling (MUS)?
A) MUS sampling methods typically include transactions or components reflecting relatively large dollar amounts.
B) MUS sampling methods are more effective in identifying overstatement errors.
C) MUS sampling methods provide a conservative (higher) estimate of misstatement in the account balance or class of transactions.
D) MUS sampling methods typically result in relatively small sample sizes.

Question

Quizplus · Accepted Answer

MUS provides a conservative estimate of misstatement, which is not necessarily an advantage as it may lead to overestimation of errors.

Which of the Following Is Not an Advantage Associated with Monetary