Which of the following statements concerning monetary-unit sampling is correct?

Ibrahimhamm

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2022-06-29

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Overstated units have a lower probability of sample selection than units that are understated.
The sampling interval is calculated by dividing the number of physical units in the population by the sample size.
The sampling distribution should approximate the normal distribution.
The auditor controls the risk of incorrect acceptance by specifying the desired confidence level for the sampling plan.

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Ibrahimhamm

2022-06-29

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