We verify your fixed assets by working closely together with you in order to get a reliable assessment of your company's precise requirements and to allow knowledge transfer to your employees.

As a part of this outsourced function, our professionals visit's your location to verify the assets' physical availability in contrast to the given records on the fixed assets.

Our Approach

  • 1
    Understanding the process of procuring Fixed Assets, physical verification and updating process currently followed by the organization.
     
  • 2
    Review the Fixed Assets structure and classification.
     
  • 3
    Determine a Fixed Assets coding structure.
     
  • 4
    Tag and select equipment.
     
  • 5
    Code and tag Fixed Assets.
     
  • 6
    Plan and manage physical verification of counts.
     
  • 7
    Perform a Fixed Assets physical verification.
     
  • 8
    Record results and updates of the FAR (Fixed Assets Register).
     
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Benefits of outsourcing your "Fixed Asset Verification Processes" to VerifHigh

Establish an accurate baseline of fixed assets

Establish an accurate baseline of fixed assets

Identify and eliminate 'ghost' assets

Identify and eliminate 'ghost' assets

A true and fair statement of fixed assets

A true and fair statement of fixed assets

Results in better internal control and accountability and audit/tax compliance

Results in better internal control and accountability and audit/tax compliance

Error free information supports reliable decision-making

Error free information supports reliable decision-making

Avoid fraud

Avoid fraud

Keep things organized

Keep things organized

Saves time and cost

Saves time and cost

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