Fixed assets are long term tangible assets in which the organisation has invested heavily to produce goods or services and manage the operations. The very value matter that signifies a fixed asset is the reason for fixed asset verification. Manipulation can happen with fixed assets valuation if not for audit, and financial fraud can cause garnishment to the reputation of the organisation. It is essential for a business to verify its fixed assets to have a proper record of acquisition and disposal of assets and the allocation of related expenses such as depreciation over time. Today Accounting Consultancy provides professional fixed asset verification services to help companies earn a clean audit certificate. Our experts verify the records starting from opening balance and the acquisitions of new assets with necessary documents and invoices.

We scrutinize the expense accounts related to the fixed assets and depreciation accounts to check the value of depreciation recorded. The next step involves ascertaining the valuation and records of retired or scrapped assets to have a final and proper list of all fixed assets with the correct value recorded. Get in touch with us if you need our fixed asset verification services.