Plant and equipment are not as inherently risky as are other assets,such as inventories and accounts receivable.However,a company should still endeavor to maintain effective internal control over plant and equipment.
a.Describe the principal purpose of internal controls relating to plant and equipment.
b.List and describe four major controls applicable to plant and equipment.

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The Answer of Plant and equipment are not as inherently risky as are other assets,such as inventories and accounts receivable.However,a company should still endeavor to maintain effective internal control over plant and equipment.
a.Describe the principal purpose of internal controls relating to plant and equipment.
b.List and describe four major controls applicable to plant and equipment.

Plant and Equipment Are Not as Inherently Risky as Are