Disadvantages of monetary-unit sampling


Response to the following questions:

1. Identify the advantages and disadvantages of monetary-unit sampling.

2. How does the use of probability-proportional-to-size selection provide an increased chance of sampling larger items?

3. What is the decision rule for determining the acceptability of sample results when monetary-unit sampling is used?

If possible, please give examples to better understand your answers.

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Auditing: Disadvantages of monetary-unit sampling
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