Question: 2.Which statement is correct with respect to the monetary unit technique? (a) The technique automatically stratifies the population. (b)The technique results in a representative sample

2.Which statement is correct with respect to the monetary unit technique?

(a) The technique automatically stratifies the population.

(b)The technique results in a representative sample every time.

(c)The technique allows the auditors to measure more precisely the risk of incorrect acceptance.

(d)The technique insures that every account in the population has an equal chance of being selected.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!