Fixed Asset Tagging & Verification

Fixed asset tagging and verification,so the register is real.

Laptops, machines, furniture, vehicles: a fixed asset register is only useful if every asset on it exists, is where it should be and is tagged. We tag and physically verify fixed assets across Indian sites, reconcile them with the register and support the auditor's reporting on physical verification.

Tagging and verification on siteFees agreed in writingRegister reconciled

Why physical verification matters.

Under CARO 2020, where it applies, the statutory auditor reports whether property, plant and equipment have been physically verified at reasonable intervals and whether differences were dealt with. Beyond the audit, an accurate register is needed for depreciation, insurance, tax and any sale of the business.

Ghost assetsOn the register but missing

Assets disposed of, lost or stolen but still depreciated.

UnrecordedIn use but not on the register

Assets bought but never capitalised correctly.

LocationIn the wrong place

Assets moved between sites without records.

What we do.

Register reviewCheck the register for missing details, duplicates and errors.
TaggingBarcode or RFID tags with unique numbers, linked to the register.
Physical verificationCount and inspect every asset or a planned sample.
ConditionNote damaged, idle or obsolete assets for impairment review.
ReconciliationMatch physical results with the register and list differences.
ReportingA report for management, the auditor and the UK group.

How it works.

Plan

Sites and asset classes

Agree scope, tag type and timetable.

Prepare

Clean the register

Before going on site.

Tag

On site

Tag and verify assets, with photographs.

Reconcile

Differences

Missing, extra and moved assets explained.

Update

Register and accounts

Approved adjustments posted.

Why clients choose us for audits.

Chartered Accountants

Every audit is led and signed by Chartered Accountants in India.

Reports for UK readers

Findings written for UK boards, audit committees and group auditors.

Scope in writing

A written engagement letter with scope, timetable and fee.

Independent and careful

Independence checks and a second-partner review on every report.

Secure and online

Encrypted document sharing, with site visits where the work needs them.

Practical findings

Clear, prioritised recommendations your team can act on.

Asset verification for UK companies with Indian sites.

We carry out audits in India for UK groups, investors and lenders headquartered anywhere in the UK, reporting in a form their UK boards and auditors can use.

London

City of LondonCanary WharfHarrowWembleySouthallHounslowIlfordEast HamCroydonEdgware

South East

ReadingSloughMilton KeynesOxfordWatfordLutonCrawleyGuildford

Midlands

BirminghamLeicesterCoventryNottinghamWolverhamptonDerbyNorthampton

North of England

ManchesterLeedsBradfordSheffieldLiverpoolNewcastlePreston

East and South West

CambridgePeterboroughBristolSwindonSouthamptonBath

Scotland, Wales, NI

EdinburghGlasgowAberdeenDundeeCardiffSwanseaBelfast

Fixed asset tagging and verification FAQs.

Putting a unique barcode or RFID label on each asset and linking it to the fixed asset register, so it can be identified and tracked.

At reasonable intervals, often once a year or over a rolling programme. CARO requires the auditor to report on this where it applies.

They are investigated, explained and, once approved, the register and accounts are updated.

Physical verification needs site visits. For large estates, a rolling programme can cover sites over time.

Want an asset register you can trust?

Tell us your sites and asset types. We will tag, verify and reconcile them.

Plan an asset verification +91 9819 000 511

This page is general guidance based on the Companies Act, 2013, Indian tax law and regulator guidelines as they stand. It is not legal or financial advice for your situation. Thresholds and requirements can change, so please speak to us before acting on it.