The following are some of situations in which using either monetary unit sampling (MUS)or classical variables sampling would be preferable.Using the letters M (for monetary unit sampling-MUS)or C (for classical variables sampling).
____ 1.Several sampling units in the population have a zero or negative balance.
____ 2.The auditor would like to examine a smaller number of items.
____ 3.The account balance is susceptible to understatement error.
____ 4.The account balance includes a few logical units with very large dollar balances.
____ 5.The auditor is able to form a reasonable estimate of the variability of the population.
____ 6.The auditor would like to ensure that the sampling method provides a conservative (higher)estimate of misstatement in the account balance.
____ 7.The account balance is susceptible to overstatement error.

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The Answer of The following are some of situations in which using either monetary unit sampling (MUS)or classical variables sampling would be preferable.Using the letters M (for monetary unit sampling-MUS)or C (for classical variables sampling).
____ 1.Several sampling units in the population have a zero or negative balance.
____ 2.The auditor would like to examine a smaller number of items.
____ 3.The account balance is susceptible to understatement error.
____ 4.The account balance includes a few logical units with very large dollar balances.
____ 5.The auditor is able to form a reasonable estimate of the variability of the population.
____ 6.The auditor would like to ensure that the sampling method provides a conservative (higher)estimate of misstatement in the account balance.
____ 7.The account balance is susceptible to overstatement error.

The Following Are Some of Situations in Which Using Either