Response to the following questions:
1. What is one of the key segregation of duties for the property management process? What errors or fraud can occur if such segregation is not present?
2. Identify three substantive analytical procedures that can be used to audit property, plant, and equipment.
3. What procedures would an auditor use to verify the completeness, rights and obligations, and valuation assertions for property, plant, and equipment?
If possible, please give examples to better understand your answers.