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Fixed Assets Audit

Posted @ July 17, 2012, 6:02 am under (Fixed Assets Verification)

 

The overall objectives of the Fixed Asset Audit:-

  • To conduct physical verification and report the actual physical inventory of fixed assets in a Factory/office.
  • To match the schedule of fixed assets with actual assets found during verification to ensure the accuracy of fixed asset records.
  • To label all the fixed assets for easy identification of description of asset and responsible department in future.
  • To support staff in rectification of book records with respect to missing or additional fixed assets found during audit.

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