Fixed asset register & verification

Yes, Stat Auditor can do so, if it is  scope  given to them.

Hi Guys,

IN MY OPINION –

Fixed Asset verification and preparing FA register are two different aspects.

Former is related to audit procedures which are applied by stat auditor to obtain sufficient appropriate audit evidences and

later one is related to accounting purpose which is the responsibility of management.

In short, one is audit and another is accounting.

As per Clause 4 of Part 1 of Second Schedule to CA Act, STAT AUDITOR CANNOT WRITE ACCOUNTS OF HIS AUDITEE CLIENT. Hence, stat auditor CAN undertake verification of FA but CANNOT prepare the register for same.