When using MUS sampling,the auditor will use which of the following formulas to determine maximum sample size?
A) $\mathrm { n } = \frac { \text { Population market value } } { \text { Sampling interval } }$
B) $\mathrm { n } = \frac { \text { Population book value } } { \text { Population interval } }$
C) $\mathrm { n } = \frac { \text { Population book value } } { \text { Sampling interval } }$
D) $\mathrm { n } = \frac { \text { Sample book value } } { \text { Sampling interval } }$

Question

Quizplus · Accepted Answer

MUS (Monetary Unit Sampling) is a statistical sampling technique in which items in a population are sampled based on their monetary value, rather than a simple random sample. The formula for determining the maximum sample size in MUS is n = Population book value/Sampling interval. Therefore, the correct answer is C. Option A is incorrect because it uses the population market value, which is not relevant to MUS sampling. Option B is incorrect because it uses the population interval, which is not used in MUS sampling. Option D is incorrect because it uses the sample book value, which is not relevant for determining the maximum sample size.

When Using MUS Sampling,the Auditor Will Use Which of the Following