In monetary unit sampling (MUS), the expected amount of misstatement must be:
A) greater than tolerable misstatement
B) less than tolerable misstatement
C) equal to tolerable misstatement
D) all of these choices

Question

Quizplus · Accepted Answer

In monetary unit sampling (MUS), the expected amount of misstatement must be less than the tolerable misstatement to ensure that the audit risk is kept to an acceptable level.

In Monetary Unit Sampling (MUS), the Expected Amount of Misstatement