The most commonly used method of statistical sampling for tests of details of balances is:
A) attributes sampling.
B) discovery sampling.
C) monetary- unit sampling.
D) variables sampling.

Question

Quizplus · Accepted Answer

Monetary-unit sampling is the most commonly used method for tests of details of balances because it focuses on the dollar amount of individual items in the population, making it a more precise sampling method. Attributes sampling is used for tests of controls, discovery sampling is not a recognized sampling method, and variables sampling is typically used for tests of transactions.

The Most Commonly Used Method of Statistical Sampling for Tests