Which of the following is not an advantage associated with monetary unit sampling (MUS)?
A) Its methods typically include transactions or components reflecting relatively large dollar amounts.
B) Its methods are more effective in identifying overstatement errors.
C) Its methods provide a conservative (higher) estimate of misstatement in the account balance or class of transactions.
D) Its methods typically result in relatively small sample sizes.

Question

Quizplus · Accepted Answer

MUS is generally considered a less conservative approach than other sampling methods, such as classical variables sampling. Therefore, MUS does not provide a conservative estimate of misstatement, as stated in option C. Options A, B, and D are all advantages of MUS.

Which of the Following Is Not an Advantage Associated with Monetary