Objective: A. Ensure that all fixed assets appropriately represent company's ownership through legal documents. B. Ensure that all fixed assets are adequately valued at fair value and accounted for completely and accurately. C. Ensure that at the balance sheet date all fixed assets have actually been present. D. Ensure that all depreciation, impairment expense and gain or loss on disposal are accurately accounted for and disclosed. E. Ensure that all Fixed assets are appropriately classified and adequate disclosures have been made in accordance with the applicable IFRS/GAP and relevant laws and regulations.
Login to your subscription to download the entire template with audit steps.
All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published, broadcast, performed nor used to prepare derivative works, without the prior written permission of AuditNet®. You may not alter or remove any trademark, copyright, logo or other notice from copies of the content. For further information, see section 1 of the Terms and Conditions and section 2 of the Subscriber Access Agreement.