What is Asset Audit ?
Asset Audit is a physical verification of fixed assets to align with the balance sheet or other official records. It is also known as a Physical Asset Verification Audit.
A Physical Asset Verification Audit is essentially what is physical verification of fixed assets and what is asset verification as a physical process. This Fixed Asset Verification process is an imperative for most businesses today, and the Fixed Asset Audit report or the Fixed Asset Verification report are critical documents.