News & Article

9 Powerful Reasons Physical Verification of Fixed Assets Improves Internal Financial Controls (2026 Guide) Periodic fixed asset verification for audit compliance has become essential for

7 Powerful Ways RFID Asset Tagging Improves Fixed Asset Audit Accuracy (2026 Guide) Fixed asset audits and physical verification exercises become increasingly difficult as organizations

10 Critical Ways to Avoid FAR Mismatch During Asset Audit (2026 Guide) FAR mismatch is one of the most common issues identified during fixed asset

Managing fixed assets across multiple factories, warehouses, retail stores, branch offices, hospitals, or operational sites is a major challenge for many companies. As organizations expand

Physical verification of fixed assets is one of the most important activities during internal audits. Companies with inaccurate asset records, missing assets, or weak verification

The Companies (Auditor’s Report) Order, 2020 (CARO 2020) introduced stricter reporting requirements related to fixed assets, physical verification, and maintenance of proper records by companies

Statutory audits play a critical role in verifying the accuracy of a company’s financial records, including fixed assets recorded in the Fixed Asset Register (FAR).

These fixed asset audit observations are commonly identified during statutory audits, internal audits, and physical verification exercises across Indian companies. Understanding these fixed asset audit