The unique feature of monetary unit sampling is that
A) Sampling units are not chosen at random.
B) A dollar unit selected in a sample is not replaced before the sample selection is completed.
C) Auditors need not worry about the risk of incorrect acceptance decision.
D) The population is defined as the number of dollar units in an account balance or class of transactions.

Question

Quizplus · Accepted Answer

Monetary unit sampling defines the population in terms of monetary units, focusing on the dollar amount rather than individual items, which allows for efficient sampling of large account balances.

The Unique Feature of Monetary Unit Sampling Is That