In which of the following situations would the use of classical variables sampling (as opposed to monetary unit sampling)be most appropriate?
A) When a larger number of misstatements are anticipated.
B) When overstatement errors (as opposed to understatement errors) are of more importance.
C) When individual components and account balances are higher in comparison to the tolerable misstatement established by the auditor.
D) When the auditor wishes to begin sampling during the interim period.

Question

Quizplus · Accepted Answer

Classical variables sampling is more appropriate when a larger number of misstatements are anticipated, as it allows for the estimation of the total amount of misstatements in a population.

In Which of the Following Situations Would the Use of Classical