Question 62 1 pts The client shipped goods on December 30th which was recorded a sale on January 2nd; the goods were received and recorded by the customer on January 3rd. This is a: Cutoff error Timing difference Other type of misstatement Question 63 1 pts The client shipped goods on January 2nd which was recorded as a sale on December 31st. The goods were received and recorded by the customer on January 4th. As a result the customer confirmed a lower amount. This is a: Timing difference O Cutoff error Other type of misstatement The client shipped goods on December 30th which was recorded a sale on December 30th; the goods were received and recorded by the customer on January 3rd. As a result the customer confirmed a lower amount. This is a: O Timing difference Cutoff error Other type of misstatement D Question 65 1 pts You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On April 6, 2020, the auditor discovered that a debtor of Dewman Industries went bankrupt on January 15, 2020, due to declining financial health. The sale had taken place March 15, 2019. Adjust the December 31, 2019 financial statements, Disclose the information in the December 31, 2019 financial statements Request the client to recall the Onancial statements No action is required You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On June 14, 2020, the auditor discovered that a debtor of Dewman went bankrupt on April 2, 2020. The sale had taken place October 15, 2019, but the amount appeared collectible at December 31, 2019, and February 15, 2020. O Adjust the December 31, 2019 financial statements. Disclose the information in the December 31, 2019 financial statements. Request the client to recall the December 31, 2019 financial statements. No action is required