Question: 7 ) What classical method uses both the audited and book values of items in the sample to obtain an estimated total audited value? Multiple
What classical method uses both the audited and book values of items in the sample to obtain an estimated total audited value?
Multiple Choice
Discovery sampling
Probabilityproportionaltosize sampling
Attributes samplingincorrect
Differences estimation sampling
Which statement is correct with respect to the monetary unit sampling technique?
Multiple Choice
The technique insures that every account in the population has an equal chance of being selected.
The technique automatically stratifies the population.
The technique results in a representative sample every time.
The technique allows the auditors to measure more precisely the risk of incorrect acceptance.incorrect
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