What is meant by the percent of misstatement assumption for MUS in those population items that are

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What is meant by the "percent of misstatement assumption" for MUS in those population items that are misstated? Why is it common to use a 100% misstatement assumption when it is almost certain to be highly conservative?

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Oct 10, 2012 07:51 AM

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What is meant by the percent of misstatement assumption for MUS in those population items that are

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In using the binomial distribution monetary unit sampling estimates the proportion of all popula...View the full answer

Auditing and Assurance services an integrated approach

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