The method used to measure the estimated total error amount in a population where there is both a recorded value and an audited value for each item in the sample is:
A) ratio estimation.
B) mean- per- unit estimation.
C) difference estimation.
D) monetary- unit sampling.

Question

Quizplus · Accepted Answer

Difference estimation is used to measure the estimated total error amount by calculating the difference between recorded and audited values for each item in the sample.

The Method Used to Measure the Estimated Total Error Amount