Preview File Edit Q v IMG_6200 2.HEIC QUESTION 2 points Save Answer Each multiple choice is worth two (2) marks with one mark for the correct answer and one mark for the explanation for your answer. Explanations must include Auditing standard references to get full marks, You wie auditing a company which makes a large amount of purchases of stock from a related party Overseas to Italy which generally takes several weeks to the in Australia by chip Ownership of the stock for the company occurs when the goods have left Italy as they insure for the shipping period. You are corrently woditing the purchases and closing stock account. Which assertions would be most at risk? A) Accuracy for purchases and valuation for closing stock Completeness for purchases and cut off for closing stock Cutoff for purchases and completeness for doing stock Cut for such and accuracy for doing Help BIOS 2 Preview File Edit Q v IMG_6200 2.HEIC QUESTION 2 points Save Answer Each multiple choice is worth two (2) marks with one mark for the correct answer and one mark for the explanation for your answer. Explanations must include Auditing standard references to get full marks, You wie auditing a company which makes a large amount of purchases of stock from a related party Overseas to Italy which generally takes several weeks to the in Australia by chip Ownership of the stock for the company occurs when the goods have left Italy as they insure for the shipping period. You are corrently woditing the purchases and closing stock account. Which assertions would be most at risk? A) Accuracy for purchases and valuation for closing stock Completeness for purchases and cut off for closing stock Cutoff for purchases and completeness for doing stock Cut for such and accuracy for doing Help BIOS 2