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Which of the following factors would indicate that monetary unit sampling should be used rather than other statistical sampling techniques? There is a book value
Which of the following factors would indicate that monetary unit sampling should be used rather than other statistical sampling techniques?
- There is a book value for every item in the population.
- There is a low expected misstatement rate in the population.
- The auditors wish to obtain an estimate of the amount of misstatement in the population.
- The book value of the population is large.
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