Finance, procurement and asset policies · 04
Asset management policy
Keeps the asset register real, and the assets accounted for.
Keeps the asset register real, and the assets accounted for.
Cover capitalisation thresholds and classification; the asset register and its reconciliation to the financial statements; acquisition and disposal authority; the annual verification count and who performs it; depreciation and impairment; insurance; and the treatment of assets allocated to individuals, including devices.
The verification count is the clause that gets skipped, and it is the one an auditor tests. Name the month, name the person, and require an exception report; a register that has never been counted against the floor is an estimate.
Related pages, tools and documents
Where this instrument sits in the wider set, and the engagement that produces it.
Start here
Tell us the decision your organisation needs to make.
The first conversation is thirty minutes, confidential and free. You will leave it knowing which of our services you need and which you do not.