Asset auditing is a physical verification process. It is akin to comparing an organisation’s “official list” of assets as on the books with the actual assets physically located. By conducting this examination you are confirming that the assets listed on an organisation’s balance sheet are real (or exist physically). Establishing the existence and location of…
Read MoreWith the financial year ending soon,how prepared are you to face the auditors? Do you have a fixed asset register giving proper details of: Assets Grouping / Class (Land, Plant & machinery, IT assets…) Asset Locations (incl. sub-locations & internal location of assets) Asset Conditions (in use and in good condition, scrapped or written off…
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