Fixed Asset Controls And Reporting - Who's Paying Attention To Your Largest Assets?

Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.

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Often overlooked, fixed assets need attention in order to ensure proper accounting, valuations and financial reporting.

United States Finance and Banking

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Often overlooked, fixed assets need attention in order to ensure proper accounting, valuations and financial reporting. While many organizations never preform an inventory of current fixed assets and corresponding reconciliation, these tasks provide an essential internal control for the financial reporting of fixed assets.

This article will help you understand the risks of not maintaining fixed asset accounting records, the reconciliation process and the importance of conducting an inventory of your fixed assets. Fixed asset inventory and reconciliation procedures can help an organization withstand today's increased level of fixed asset security. To ensure proper valuation of fixed assets and accurate financial reporting, organizations need to confirm the correct handling of these transactions.

Fixed Asset Controls and Reporting.pdf (0.1) MB

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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