You Have Just Been Promoted to the Position of Senior

You have just been promoted to the position of senior accountant with the public accounting firm of Watts and Zimmerman. Your first audit client as senior accountant is to be the Delta Manufacturing Company. You have had a considerable amount of experience both in planning and conducting the audit procedures for current asset accounts such as cash, receivables, and inventory. This is your first experience, however, in planning the audit of the property, plant, and equipment accounts. Compare the nature of current assets with property, plant, and equipment, and describe how any differences might affect your audit generally.
The audit work required to verify the property, plant, and equipment accounts generally is substantially less than that required for current assets. This is due to the nature of the assets included in the property accounts.