Which of the following is considered to be an advantage of monetary unit sampling compared to classical variables sampling?
A) Option A
B) Option B
C) Option C
D) Option D

Question

Which of the following is considered to be an advantage of monetary unit sampling compared to classical variables sampling? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

Monetary unit sampling allows for a more efficient sample selection process since it focuses on individual monetary units rather than entire populations of variables. This can save time and effort in the auditing process. Additionally, it can be more effective in detecting errors or fraud that occur on a transaction-by-transaction basis.

Which of the Following Is Considered to Be an Advantage