Our Fixed Asset Management & Verification Services ensure that your physical assets are accurately recorded, periodically verified, and efficiently tracked in compliance with statutory, tax, and internal policy requirements. From creation of the fixed asset register to barcode tagging and reconciliation, we handle every step with precision.

We conduct physical verification exercises across locations to match books with actual asset presence. Discrepancies like missing, obsolete, or duplicate assets are identified and reported for corrective action. We also assist with defining capitalization policies, asset categorization, and depreciation calculations aligned with Companies Act, Income Tax Act, and IND-AS/IFRS norms.

Our experts implement or review Fixed Asset Registers (FAR) and asset tracking systems. We can also support ERP-based or spreadsheet-based asset management and help digitize existing records. All findings are documented in a detailed verification report with photographs and site notes.

Verification isn’t just about compliance it also prevents fraud, improves utilization, and reduces insurance and maintenance costs. It enables smarter planning for replacements, asset leasing, and depreciation forecasting.

Whether you’re a startup scaling operations or a mature enterprise with legacy systems, our services ensure complete visibility and control over your fixed asset base reducing financial and operational risk.

• Structured FAR aligned with statutory and internal reporting needs.

• Pan-India field teams to verify assets, tag, and document with photos.

• Smart tagging for assets with barcode/QR labels for easy tracking.

• Support in calculating depreciation per Companies Act, IT Act, and IND-AS.

• Identify inter-branch transfers, write-offs, retirements, and disposals.

• Highlight unrecorded, duplicate, or missing assets with action recommendations

• Tools and templates to shift from manual spreadsheets to digital platforms.

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.