Below are some of the specific activities performed in a monetary unit sampling application. Indicate, using the correct letter, which major step in monetary unit sampling application is most closely associated with the specific activity. Each step is associated with only one activity.
A) Define the population.
B) Determine the objective of sampling.
C) Measure sample items.
D) Select the sample.
E) Define the attribute of interest.
F) Determine sample size.
G) Evaluate sample results.
Estimating the expected misstatement and tolerable misstatement.
Identifying an example of what type of response from a customer constitutes an exception to an accounts receivable confirmation.
Calculating the sampling interval.
Calculating the basic allowance for sampling risk, projected misstatement, and incremental allowance for sampling risk.
Identifying the financial statement assertion(s) of interest in the audit of an account balance or class of transactions.
Determining the completeness of the client's electronic accounts receivable file.
Calculating the tainting percentage.