Which of the following statements concerning monetary-unit sampling is correct? a. The sampling distribution should approximate the

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Which of the following statements concerning monetary-unit sampling is correct?

a. The sampling distribution should approximate the normal distribution.

b. Overstated units have a lower probability of sample selection than units that are understated. che auditor controls the risk of incorrect acceptance by specifying the desired confidence level for the sampling plan. d The sampling interval is calculated by dividing the number of physical units in the population by the sample size. P-9652

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Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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