Audit & Assurance
Fixed Assets Audit
Physical verification and reconciliation of your fixed-asset register.
Overview
Over time, fixed-asset registers drift from reality — assets are moved, retired or never tagged. We physically verify assets, reconcile to the register and depreciation schedules, and help you re-establish control.
This protects against overstated assets, insurance gaps and audit qualifications.
What’s included
- Physical verification and tagging of assets
- Reconciliation with the fixed-asset register
- Depreciation and capitalisation review
- Identification of missing, idle or retired assets
- Updated register and control recommendations
How we work
- 01
Understand
Map your business, systems and risk areas before fieldwork begins.
- 02
Plan
Build a risk-based audit plan with clear scope, timelines and information requests.
- 03
Execute
Test controls and balances, with continuous communication on issues found.
- 04
Report
Deliver the audit opinion plus a practical management letter you can act on.
FAQ
Common questions
It ensures the assets on your books actually exist, are correctly valued and adequately insured — and prevents audit qualifications.
An annual or biennial verification is good practice, and is often required as part of the statutory audit.
Yes, we can create or rebuild a complete tagged register where one does not exist.
Get started with fixed assets audit
Share your situation and we'll tell you exactly what's needed, the timeline and the fee — before you commit to anything.