Asset/Inventory Audit services

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The process of Asset Management begins with a Fixed Asset Register which is a detailed list of all fixed assets owned by the Organization. This is thus a key part of the fixed asset verification process. The Asset Register maintains accurate information of every asset. Physical verification of Inventory is the process of cross-checking financial records with managing a physical inventory or record.

Benefits of Fixed Asset Register :

  • Complete information on asset history, current status, and location

  • Accurate Fixed Asset value in the balance sheet

  • Facilitates a smooth asset audit and asset verification process

  • Simplifies month and year-end processes by providing up-to-date asset data

  • Improves asset utilisation across the business

  • Prevents duplication of asset

Key Benefits of Physical Verification of Inventory :

  • Accurate and well managed inventory with proper financial records of the company

  • Evidence for manufacturing or retail-based businesses with large balance of assets and capital

  • Accurate presentation of inventory value in financial records and settlements

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