Asset Verification · Panaji, Goa
Reconcile your fixed-asset register with physical reality — covering asset tagging, existence and condition checks, and depreciation accuracy — so your balance sheet, insurance and CARO reporting all stand on solid ground.
Overview
Over time, fixed-asset registers drift from reality — assets get moved, scrapped or replaced without being recorded, and depreciation goes unchecked. A fixed asset audit and verification realigns the register with the physical assets on the ground, restoring accuracy to your books and confidence to your auditors and insurers.
N D Savla & Associates verifies, tags and reconciles assets for businesses across Goa, and ties the results into your statutory audit and CARO 2020 reporting. It pairs naturally with our wider stock audit services for complete asset assurance.
What's covered
Existence, condition, valuation and control.
Get a fixed-fee quote →Matching the fixed-asset register against physical assets, location by location.
Existence and condition checks of plant, machinery, furniture, vehicles and IT assets.
Barcode / QR tagging with unique IDs for easy future tracking and audits.
Verification of method, useful life, additions, disposals and impairment.
Listing of missing, idle, damaged or unrecorded assets for action.
Help creating or updating a clean, audit-ready fixed-asset register.
Our process
Study the existing asset register and locations.
On-site existence, condition checks and tagging.
Match to register and verify depreciation.
Exception report and clean, updated register.
Frequently asked questions
The physical verification of tangible assets — plant, machinery, equipment, furniture, vehicles and IT assets — against the fixed-asset register, confirming recorded assets exist, are in use, correctly valued and properly depreciated.
A detailed record of every asset with description, location, cost, purchase date, depreciation and book value. It supports the balance sheet, depreciation claims, insurance and CARO reporting. We verify and help rebuild it where needed.
Assigning a unique identifier — barcode, QR code or numbered tag — to each asset for easy tracking and verification. We tag assets during verification to speed up future audits and reduce untraceable assets.
We check that depreciation uses the correct method and useful life per the Companies Act or Income Tax Act, applied consistently, and that additions, disposals and impairments are correctly accounted for.
Assets that can't be located, are unused or damaged beyond use are reported separately so management can investigate, write off or provide for them — keeping the register and financials accurate.
Manufacturers, hotels, hospitals, educational institutions and any asset-intensive business — for accurate financials, insurance, internal control and CARO 2020 reporting.
At least once a year, often on a rotational basis across locations. Asset-heavy businesses may verify high-value assets more often. We help design a practical cycle.
Yes — on-site verification and register reconciliation at factories, offices, hotels and institutions across Panaji, Margao, Vasco, Mapusa, Ponda and the rest of Goa.
Related stock audit services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll verify, tag and reconcile your fixed assets and hand you a clean register — no obligation.