Final answer:
The question least likely to appear on an internal control questionnaire regarding property, plant, and equipment purchases is 'd) Is access to the assets restricted and monitored?' as it pertains to post-acquisition controls rather than the purchase process.
Step-by-step explanation:
The question is asking which item would be least likely to appear on an internal control questionnaire concerning the procurement and setup of new property, plant, and equipment. When assessing the options provided:
- a) Requests for repairs approved by someone higher than the department initiating the request - This question is indeed related to internal controls over expenditures, but not specifically tailored to new acquisitions.
- b) Are prenumbered purchase orders used and accounted for? - This is directly related to controls over the procurement process for new assets.
- c) Are purchase requisitions reviewed for consideration of soliciting competitive bids? - This also pertains to internal controls during the initiation of acquiring new assets to ensure cost efficiency.
- d) Is access to the assets restricted and monitored? - This question is more related to the control over the safeguarding of assets after they have been acquired, rather than the purchase and initiation process.
Thus, the answer is d) Is access to the assets restricted and monitored? as it is less about the purchase process and more about the control over assets after they have been acquired.