The major difference between monetary-unit sampling (MUS)and attributes sampling is that in MUS, the:
A) dollars are converted to occurrence rates.
B) rate of occurrence is converted to dollars.
C) measure is in dollars.
D) measure is the rate of occurrence.

Question

Quizplus · Accepted Answer

The major difference between monetary-unit sampling and attributes sampling is that in monetary-unit sampling, the measure is in dollars. This means that MUS involves selecting a sample of individual monetary units (e.g. invoices or transactions) and then testing them for monetary errors. In contrast, attributes sampling involves selecting a sample of items and testing them for the presence or absence of a particular attribute (e.g. compliance with a control procedure). So, the correct choice is C.

The Major Difference Between Monetary-Unit Sampling (MUS)and Attributes Sampling Is