Question: Question content area top Part 1 Define the sampling interval when using MUS sampling. How is it calculated? Question content area bottom Part 1 A

Question content area top

Part

1

Define the sampling interval when using MUS sampling. How is it

calculated?

Question content area bottom

Part

1

.

The sampling interval is a method of sampling in which all the elements in the total population are divided into two or more subpopulations that are independently tested and evaluated.

.

The sampling interval is the book value of the population being sampled divided by the sample size. An individual dollar that is selected for sampling represents the entire sampling interval.

.

The sampling interval is an estimate of the largest likely overstatement in a population at a given

ARIA, using monetary unit sampling.

.

The sampling interval is the conclusion that the auditor draws from sample results based on knowledge of sampling distributions.

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