Begin by defining monetary unit sampling and its importance in auditing.

A$.$

Monetary unit sampling is a method whereby the population is defined as the individual dollars$($or other$$ currency$)$ making up the account balance. Monetary unit sampling is the most commonly used method of statistical sampling for tests of details of balances. This is because it uses the simplicity of attributes sampling yet still provides a statistical result expressed in dollars.

B$.$

Monetary unit sampling is a method whereby the population is defined as the individual dollars$($or other$$ currency$)$ making up the account balance. Monetary unit sampling is the most commonly used method of statistical sampling for tests of controls and substantive tests of transactions. This is because it uses the simplicity of attributes sampling yet still provides a statistical result expressed in dollars.

C$.$

Monetary unit sampling is a method whereby the population is defined as the physical units making up the account balance. Monetary unit sampling is the most commonly used method of statistical sampling for tests of controls and substantive tests of

transactions.

This is because it uses the simplicity of attributes sampling yet still provides a statistical result expressed in units.

D$.$

Monetary unit sampling is a method whereby the population is defined as the physical units making up the account balance. Monetary unit sampling is the most commonly used method of statistical sampling for tests of details of balances. This is because it uses the simplicity of attributes sampling yet still provides a statistical result expressed in units.

E$.$

None of the above.