Question: Select a statistical sample using Monetary-Unit Sampling (MUS) in IDEA (use Appendix B, Technical Guidance Step D). Refer to PCAOB AS 2315 par 10 &

Select a statistical sample using Monetary-Unit Sampling (MUS) in IDEA (use Appendix B, Technical Guidance Step D).

Refer to PCAOB AS 2315 par 10 & 46. Define sampling risk. Explain how to use of MUS helps to minimize this risk. Identify two reasons you think your manager chose to use MUS.

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