Fixed Asset Accounting Review Audit Work Program

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This sample audit program reviews the adequacy and efficiency of current capital asset management policies and procedures as they relate to asset procurement, tracking and monitoring, recording and reporting, disposal of assets, and depreciation. Key people to interview during the audit include: fixed asset manager (if one exists); finance director/accounting manager (or other finance representative); receiving department manager; information management director; and capital asset financial analysis representative.

An ongoing step, with open communication occurring throughout the review, is to validate the accuracy of the report with the auditee.

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