Templates
Fixed Assets Audit Template

Fixed Assets Audit Template

This template is used by internal asset accountants and external auditors to ensure proper records.

Use this template
or download pdf
Fixed Assets Audit Template

This template is used by internal asset accountants and external auditors to ensure proper records.

Use this template
or download pdf

About the Fixed Assets Audit Template

This template can be used by in-house fixed assets accountants and third-party auditors to ensure that the business is maintaining proper records of fixed assets, depreciation of fixed assets are properly calculated, and accounting standards are complied with.

Categories

  • Inventory management templates
  • Maintenance templates
Preview of the template
Audit
Fixed Assets Policy and SOPs
A clear policy and standard operating procedures regarding handling, and recording of fixed assets are documented.
The document includes the personnel responsible including their assignments.
Asset
Take a photo of the asset for physical evidence
Asset is tagged with asset number?
Year of acquisition
Sufficient description of the asset for identification
Classification (land, building, equipment, machinery, etc)
Quantity/no. of units
Location of asset(s)
Vendor
Original cost upon acquisition (per unit) including taxes paid and set-up costs
Invoice available?
Current value (considering depreciation estimates)
Asset is currently insured?
Additional notes
Auditor's full name and signature
This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.