How asset management software can help in audit?

Auditing will be more challenge if an organization don’t have the right preparation. When coming to the right audit preparation, you have to maintain complete, accurate, and up-to-date fixed asset records from the beginning of every financial year. Right audit preparation does not begin from the previous one or two months. Do you know that the
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Fixed Asset Auditing Procedures

ITM Services, Fixed Asset Auditing & Asset Management Compliance
The fixed asset auditing procedure is for those assets, which expected to last more than one year, such as land, buildings, and equipment. If you are not having updated record for your fixed assets. Fixed asset audit need to done once in a year. First of all ,fixed assets are the primary resource for the
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Physical Asset Verification and Auditing

Why Physical Asset Auditing is required? All private and public entities are required to conduct a physical Asset Auditing at the end of every financial year. Because an auditor required to report whether the company is maintaining proper records of assets and these assets have been physically verifying by the management at reasonable intervals. Objectives Statutory Compliance
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