Physical Asset Verification

On-site verification establishing what exists, where it is, and what condition it is in.

Overview

We carry out on-site verification to establish what exists, where it is, and what condition it is in. Physical inspection is reconciled against the accounting records, which routinely surfaces assets that have been disposed of but never written off, or acquired but never capitalised. This is the foundation for a defensible valuation and for a fixed asset register that reflects reality.

Our Approach

We inspect the estate systematically rather than by sample where the purpose requires completeness, recording location, identification, condition and operational status. Findings are reconciled line by line against the fixed asset register, and every variance is documented with evidence so it can be actioned by finance.

What Verification Typically Finds

Reconciliation routinely surfaces:

•Ghost assets — recorded but no longer present
•Unrecorded assets acquired but never capitalised
•Assets relocated between sites or entities
•Duplicated register entries
•Condition materially different from assumed useful life
•Items already impaired in substance but not in the accounts

What You Receive

A verification report with the reconciliation, a variance schedule, and photographic evidence. This is the foundation for both a defensible valuation and a register that reflects reality.

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