Physical Verification of Fixed Assets and Inventory

Ensuring Accuracy and Integrity in your company’s Asset Management

Accurate physical verification of inventories and fixed assets is critical for maintaining the integrity of financial records and supporting effective asset management. MGI SRCA offers comprehensive services to ensure that your physical assets are accounted for and properly valued. With our meticulous approach, we help businesses safeguard their resources and maintain compliance with accounting standards.

MGI SRCA work closely with your team to plan the scope and timing of the verification process, conduct thorough counts of all inventories and fixed assets, compare physical counts with the records in your accounting system, identifying and investigating discrepancies. Finally, we Provide detailed reports outlining verification results, discrepancies, and recommendations for adjustments.

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Objective

Accuracy in Reporting:
Ensure that financial statements accurately reflect the physical status of assets.
Compliance with Standards:
Maintain adherence to GAAP, IFRS, and other regulatory requirements.
Loss Prevention:
Identify discrepancies and prevent loss through regular asset verification.
Asset Optimization:
Optimize the use and management of assets by ensuring accurate asset records.

Why Choose MGI SRCA

Experienced Specialists:
Our team consist of experts trained in efficient and effective asset verification technique.
Technological Edge:
We use advanced technology , including RFID and barcode systems, to enhance accuracy and speed.
Proactive Solutions:
Not only do we identify problem, but we also provide solutions to improve your asset management
practices.
Trust and Integrity:
MGI SRCA uphold the highest standards of professionalism and ethics in all our dealing incudling
physical verification of inventory and fixed assets.