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Fixed assets verification

This query is : Resolved 
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(Querist)
26 November 2012 Dear Friends,

Please let me the main points to be considered while undertaking Fixed Asset verification?
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
26 November 2012 These points may be useful:
1. Whether all the assets are properly tagged or not.
2. A proper FA register is maintained or not.
3. How is the management exercising controls on inward and outward movement of assets.
4. Whether all the assets physically are verified and reconciled with books.
5. Presentation of differences on verification.
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Dasharath Appa Pujari

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Dasharath Appa Pujari (Querist)
26 November 2012 Thanks Kishore.
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