Drawing from our extensive journey of steering hundreds of fixed asset verification projects, we understand a common query that echoes in the minds of many: “Why should we engage a 3rd party and not verify our fixed assets internally?” Having…
What are Fixed assets? Fixed assets are defined as items that provide future economic value for a business, generally owned for more than a year. Examples of fixed assets are land, building, plant & machinery, furniture, vehicles, Computer equipment, etc.…
If you lead the finance department for an organization or manage, inventory, and audit fixed assets periodically, you can easily relate to the challenges involved with in-house fixed asset verification or fixed asset audit. We highlight here, top-6 fixed asset verification challenges identified across 200+ projects executed for medium to large…