Question 1
The auditor is concerned with the audited value rather than the misstatement amount of each item in the sample when using
◦ difference estimation.
◦ mean-per-unit estimation.
◦ ratio estimation.
◦ monetary unit sampling.
Question 2
The method used to measure the estimated total misstatement amount in a population when there is both a recorded value and an audited value for each item in the sample is
◦ difference estimation.
◦ mean-per-unit estimation.
◦ ratio estimation.
◦ monetary unit sampling.