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morning can you please tell me if the suitable sample selection method for testing completeness of current liabilities is monetary unit sampling

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.

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May 2, 2015 at 5:43 am #243595
Selma
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can you tell me if the most suitable sample selection method for testing completeness of current liabilities is monetary uni
t sampling?
May 2, 2015 at 7:07 pm #243684
Ken Garrett
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It is not suitable for testing completeness. Monetary unit sampling (or indeed sampling by choosing payables balances at random) can only sample what is there, so would not pick up whether a balance had been completely omitted.
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