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Author Question: How might auditors include negative balances when using monetary unit sampling to evaluate a population? (Read 44 times)

lauraleepop

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Question 1

Explain why monetary unit sampling, or probability proportional to size sampling, is not useful for detecting understatements.

Question 2

How might auditors include negative balances when using monetary unit sampling to evaluate a population?


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Marked as best answer by lauraleepop on Aug 21, 2022

lhn821

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lauraleepop

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


jomama

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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