Application of MUS Explain why monetary unit sampling is not useful for detecting understatements
Monetary unit sampling is a technique that assigns physical units to an item in the population based on the dollar value of the item. Larger dollar items are more likely to be chosen for the sample than smaller items. So, if a client has understated an item there is less likelihood that the item will be selected. Consequently, auditors do not commonly use MUS when they are concerned with understatements.
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