Which of the following are limitations of using the MUS sampling method?
A)MUS is not very useful in testing for understatement.
B)MUS is not very useful in testing for zero and negative amounts.
C)MUS is not very useful in testing if the auditor expects numerous misstatements.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the given options are limitations of the MUS sampling method. MUS is suitable for testing overstatement but not very suitable for understatement. It is also not very effective in testing for zero and negative amounts. Additionally, if the auditor expects numerous misstatements in the population, then MUS may not be the best sampling method to use.

Which of the Following Are Limitations of Using the MUS