AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Question
Chapter 9, Problem 9.4RQ
To determine
Concept Introduction:
Sampling is the method of selecting few items to check from the entire population under examination. Auditors apply sampling method while performing their
Sampling can be statistical or non statistical.
To indicate: the advantages and disadvantages of monetary unit sampling.
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Summarize the concept behind monetary-unit sampling (MUS). How does MUS use attribute-sampling theory?
Define monetary unit sampling and explain its importance inauditing. How does it combine the features of attributes and variables sampling?
Understand the basic process underlying monetary unit sampling (MUS) and when to use MUS.
Chapter 9 Solutions
AUDITING+ASSURANCE SERVICES (LL)
Ch. 9 - Prob. 9.1RQCh. 9 - Prob. 9.2RQCh. 9 - Prob. 9.3RQCh. 9 - Prob. 9.4RQCh. 9 - Prob. 9.5RQCh. 9 - Prob. 9.6RQCh. 9 - Prob. 9.7RQCh. 9 - Prob. 9.8RQCh. 9 - Prob. 9.9RQCh. 9 - Prob. 9.10RQ
Ch. 9 - Prob. 9.11MCQCh. 9 - Prob. 9.12MCQCh. 9 - Prob. 9.13MCQCh. 9 - Prob. 9.14MCQCh. 9 - Prob. 9.15MCQCh. 9 - Prob. 9.16MCQCh. 9 - Prob. 9.17MCQCh. 9 - Prob. 9.18MCQCh. 9 - Prob. 9.19MCQCh. 9 - Prob. 9.20MCQCh. 9 - Prob. 9.21PCh. 9 - Prob. 9.22PCh. 9 - Prob. 9.23PCh. 9 - Prob. 9.24PCh. 9 - Prob. 9.25PCh. 9 - Prob. 9.26P
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- Which of the following statistical techniques are used to test controls? Mean-per-unit sampling. Attribute sampling. Difference estimation. Ratio estimation.arrow_forwardProbability samples versus nonprobability samples; also briefly define the types of valid probability samples.arrow_forwardWhat are the two sampling risks associated with attributes sampling? What types of losses areassociated with each of these risks?arrow_forward
- What are the characteristics of Probability Proportionate to Size (PPS) sampling?arrow_forwardWhen using monetary unit sampling, reliability factors are used in calculating: Basic precision and incremental allowance. Incremental allowance. Projected misstatement. Projected misstatement and incremental allowance.arrow_forwardDefine the terms precision (allowance for sampling risk), reliability (confidence), and precisioninterval.arrow_forward
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