Current Assessment Fixed Asset Audit
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Fixed Asset Audit

Business Control Assessment

Answer each question with Yes or No based on your current business practices.

50 Maximum Score
Assessment Progress 4%
01 Asset Records & Documentation
02 Asset Verification & Tracking
03 Asset Utilization & Efficiency
04 Maintenance & Protection
05 Disposal, Compliance & Financial Control
Question 01 Asset Records & Documentation

Do you maintain a fixed asset register for all major assets?

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Question 02 Asset Records & Documentation

Does your asset register include asset location details?

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Question 03 Asset Records & Documentation

Does your asset register include asset identification numbers or tags?

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Question 04 Asset Records & Documentation

Are asset purchases recorded promptly after acquisition?

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Question 05 Asset Records & Documentation

Do you maintain supporting documents such as invoices and purchase records for assets?

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Question 06 Asset Verification & Tracking

Do you conduct periodic physical verification of fixed assets?

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Question 07 Asset Verification & Tracking

Can you easily identify the location of major assets within your organization?

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Question 08 Asset Verification & Tracking

Are discrepancies between physical assets and records investigated?

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Question 09 Asset Verification & Tracking

Are assets tagged or labeled for identification purposes?

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Question 10 Asset Verification & Tracking

Do you have a process to track movement of assets between locations or departments?

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Question 11 Asset Utilization & Efficiency

Do you periodically review whether major assets are being fully utilized?

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Question 12 Asset Utilization & Efficiency

Do you identify idle or underutilized assets?

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Question 13 Asset Utilization & Efficiency

Do you assess whether existing assets can support future business growth?

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Question 14 Asset Utilization & Efficiency

Do you review asset performance before purchasing additional assets?

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Question 15 Asset Utilization & Efficiency

Do you monitor the productivity or output generated by key assets?

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Question 16 Maintenance & Protection

Do you follow a preventive maintenance schedule for critical assets?

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Question 17 Maintenance & Protection

Are maintenance records maintained for major assets?

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Question 18 Maintenance & Protection

Are critical assets adequately insured?

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Question 19 Maintenance & Protection

Do you review asset condition periodically?

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Question 20 Maintenance & Protection

Do you take corrective action when recurring asset failures occur?

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Question 21 Disposal, Compliance & Financial Control

Do you have a documented process for asset disposal or sale?

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Question 22 Disposal, Compliance & Financial Control

Are disposed assets removed from records on a timely basis?

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Question 23 Disposal, Compliance & Financial Control

Do you review depreciation records periodically?

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Question 24 Disposal, Compliance & Financial Control

Do you obtain approvals before disposing of significant assets?

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Question 25 Disposal, Compliance & Financial Control

Do you periodically review the overall value and condition of your fixed asset base?

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Assessment Complete

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