The college has deployed a system from Radiant RFID that enables operators to capture the locations of high-value equipment in about a quarter of the time the manual process had required, while ...

Establishing the existence of a business's fixed assets and evaluating their value is an essential auditing task. Despite this, many businesses do not do a great job of keeping track of fixed assets.

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Any business that uses assets should hold a regular asset inventory ...

Audit readiness shouldn’t require reconstructing the past. Good asset workflows create the evidence as events happen, says Vickash Bheem, Head of Technology at Nkgwete IT Solutions. Issued by Nkgwete ...

Allocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.

A variety of organizations regularly undergo audits to examine their operations and records. Audits ensure that employees complete transactions according to the organization's accounting policies.

The rapid rise of crypto assets has presented both opportunities and challenges for auditors, with regulators, practitioners, and businesses grappling to establish clear guidelines and procedures. 1 ...

Auditors have completed an asset management review of three Lamar State College System institutions. The review covered Lamar State College Port Arthur, Lamar State College Orange and Lamar Institute ...

An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based fee for the audit. I didn’t say no, but I question the reasonableness as to why an auditor would ...

Many organisations only discover weaknesses in their asset governance during an audit. By then, the problem may be months old and the people involved are being asked to reconstruct events that were ...