How does monetary unit sampling (MUS)ensure that larger dollar components are selected for examination?
A) MUS sampling requires the auditor to identify all items having a balance greater than performance materiality prior to beginning the sample selection process.
B) MUS sampling requires the auditor to stratify the sample into larger and smaller dollar components prior to beginning the sample selection process.
C) MUS sampling defines the sampling unit as an individual dollar within an account balance or class of transactions.
D) MUS sampling selects components having larger balances in the prior audit.

Question

Quizplus · Accepted Answer

Monetary unit sampling (MUS) defines the sampling unit as an individual dollar, which means that larger dollar components have a higher chance of being selected because they contain more individual dollars.

How Does Monetary Unit Sampling (MUS)ensure That Larger Dollar Components