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Monetary unit sampling, block selection, haphazard sampling?

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Monetary unit sampling, block selection, haphazard sampling?

can someone give easy to understand definition of above subject matter? and how it is done in very brief words?

May 28th 2014 AN ACCA USER 1,180 Points

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Monetary Unit Sampling

This selection method ensures that each individual $1 in the population has an equal chance of being selected.

Block Selection

This method of sampling involves selecting a block (or blocks) of similar items from within a population. (Rarely Used)

Haphazard Selection

The Auditor selects the sample without following a structured technique - the auditor would avoid any conscious bias or predictability. (Judgement)

May 29th 2014 AN ACCA USER 700 Points
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