Fixed Assets Physical Verification

Physical verification of fixed assets of an entity and reconciling the same with the books of accounts to conform physical existence of such assets.

Estimated Time

3-15 days

Price Range

INR 2,400-4,000/man day

Scope of Work

1. Obtain a listing of the fixed assets register maintained by the entity. 2. The listing should contain all necessary details like location of assets, quantitative particulars, description etc. which would facilitate identification of the assets physically. 3. Carry out a physical verification of all the assets lying at the premise. 4. Compile the physical verification sheets and compare the same with the initial assets listing/fixed asset register given. 5. Identify discrepancies/deviations, if any and discuss the same with the management of the entity.

Documents Required

Assets listing in the form of a fixed asset register or maintained in any other form or manner.