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verification

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(Querist)
06 December 2009 how to do verification of fixed assets.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
06 December 2009 Simply follow -

1. See the physical existence of the assets as appearing in the books. Refer fixed assets register maintained by the company.

2. Examine the legal documents pertaining the assets i.e. Title Deeds etc.

3. Examine the valuation whether matching with the book figures.

CA Surendra Rakhecha
Surat
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