In MUS,what is meant by a sampling interval of 900? A)Every 900^th item will be selected. B)Every 900^th dollar will be selected. C)Expected misstatement is 900. D)Tolerable misstatement is 900.

Question

Quizplus · Accepted Answer

MUS stands for Monetary Unit Sampling, which is a statistical sampling technique used in auditing to estimate the monetary value of misstatements in a population. The sampling interval is calculated by dividing the tolerable misstatement by the sample size. In this case, if the sampling interval is 900, it means that every 900th item in the population will be selected for audit testing. Therefore, choice A is the correct answer as it accurately describes the MUS sampling interval.

In MUS,what Is Meant by a Sampling Interval of 900