We conduct physical verification of your Fixed Assets, Inventory and Stock in Trade at locations across PAN India. These services are available on time bound assignments - monthly, quarterly and annually.
Our Audit Associates will confirm to your defined process to ensure due compliance of the Statutory Audit requirements.
We not only report on the variance but ensure to improve your process to achieve more effective way of inventory and asset tracking systems.
Our customized audit process with strategic methodology carried out by trained teams will ensure 100% physical verification.
Our Audit Reporting Structure include :-
Physical Verification of
Our industry expertise
Our services are available across PAN INDIA in 65 cities across 22 states.
Our physical verification audit reports are prepared in line with the reporting requirement for Statutory Audit compliance.
We specialise in Fixed Assets Physical Verification Service, designed to enhance the accuracy and integrity of your asset records. We provide comprehensive solution to streamline your asset management processes.
Our Physical Verification Service entails conducting regular on-site inspections of your fixed assets, ensuring that your records align with the assets physically present in your organization. Our team of experienced professionals will meticulously examine and verify each asset, cross-referencing it with your existing records. This process includes conducting physical counts, verifying asset descriptions and specifications, checking serial numbers, and identifying any discrepancies that may exist.
By partnering with us, you can benefit by: -
Improved Financial Reporting: Our physical verification of fixed assets process will help to ensure the reliability of your financial statements, by identifying the discrepancies between the actual assets and the recorded information, enhancing transparency and credibility of Fixed Assets Register.
Risk Mitigation: Physical Verification helps to identify potential areas of risk like discrepancies, loss, or misuse, by confirming their existence, condition, and location. Thus, allowing you to take proactive measures to protect your valuable assets.
Regulatory Compliance: Our physical verification service can assist you in meeting accounting compliance standards and provide documentation for audits or regulatory inspections.
Depreciation Calculations: Physical verification assists in the accurate calculation of depreciation expenses by providing up-to-date information on the assets' condition and useful life.
Enhanced Asset Management: Our service will help you identify underutilized assets, track depreciation accurately, and make informed decisions regarding repairs, replacements, or disposals.
Technology and Process Driven Solutions: We conduct physical verification by various methods such as barcode scanning, RFID technology, or manual inspection to identify, locate, and reconcile fixed assets.