Explain how the audit of property, plant, and equipment would be different for a computer

manufacturer than for a hotel and motel chain.

$3\mathrm{.}2$ Assume that, when performing analytical procedures, an auditor notices a material

increase in repair and maintenance expense as a percent of net sales. What assertions

might be misstated?

$3\mathrm{.}3$ Explain the relationship between internal controls over the acquisition of fixed assets and

internal controls found in the purchases process. What additional controls might you expect

to find related to the acquisition of fixed assets?

$3\mathrm{.}4$ Explain the general audit strategy for auditing property, plant, and equipment.

$3\mathrm{.}5$ Explain the evidence that would show a company is underdepreciating plant, and equipment.