About Fixed Assets Audit
N D Savla & Associates provides detailed fixed assets audit and verification services
to ensure accuracy, existence, and proper valuation of assets recorded in the books.
Fixed assets form a significant part of a company’s financial position, making
periodic verification essential for compliance and control.
What We Do
We physically verify assets, reconcile them with fixed asset registers, review
capitalization policies, and assess depreciation practices. Our approach ensures
that assets are correctly recorded, safeguarded, and aligned with accounting standards.
Why Choose Us
Physical Asset Verification
On-site verification of fixed assets across locations.
Asset Register Reconciliation
Matching physical assets with fixed asset register records.
Depreciation Review
Evaluation of depreciation methods and accuracy.
Discrepancy Identification
Detection of missing, idle, or obsolete assets.
Asset Control Review
Assessment of controls over asset tracking and safeguarding.
Experienced Professionals
Handled by qualified chartered accountants and audit experts.
Fixed Asset Audit Services
Plant & Machinery Verification
Verification of manufacturing and operational equipment.
IT & Office Equipment Audit
Audit of computers, servers, and office assets.
Multi-location Asset Verification
Asset checks across branches and multiple sites.
Fixed Asset Register Review
Validation and cleanup of asset records.
Reporting & MIS
Detailed audit reports with discrepancies and insights.
Process Improvement Advisory
Recommendations to strengthen asset management systems.
FAQs on Fixed Assets Audit
What is fixed assets verification?
It is the process of physically verifying assets and matching them with records
in the fixed asset register to ensure accuracy and existence.
Why is fixed asset audit important?
It ensures assets are properly recorded, prevents misuse or loss, and supports
accurate financial reporting.
How often should fixed assets be verified?
Typically once a year, though large organizations may require periodic or
continuous verification.
What discrepancies are usually found?
Missing assets, duplicate entries, incorrect depreciation, and unrecorded
disposals are common findings.
Who needs fixed asset audit services?
Companies with significant investments in plant, machinery, or equipment benefit
from regular asset audits and verification.