Objective of Fixed Assets Audit
Posted @ July 17, 2012, 6:02 am under (Fixed Assets Verification & Audits)
The overall objectives of the Fixed Asset Audit:-
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To conduct physical verification and report the actual physical inventory of fixed assets in a Factory/office.
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To match the schedule of fixed assets with actual assets found during verification to ensure the accuracy of fixed asset records.
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To label all the fixed assets for easy identification of description of asset and responsible department in future.
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To support staff in rectification of book records with respect to missing or additional fixed assets found during audit.
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