In monetary unit sampling, a sampling interval of 900 means that
A) every 900th item will be selected.
B) every 900th dollar in the account will be sampled.
C) expected misstatement is 900.
D) tolerable misstatement is 900.

Question

Quizplus · Accepted Answer

In monetary unit sampling, a sampling interval of 900 means that every 900th dollar in the account balance or population will be sampled, not every 900th item. This approach focuses on the value of transactions rather than their physical occurrence.

In Monetary Unit Sampling, a Sampling Interval of 900 Means