Articles & guides

See how auditors decide fixed-asset audit sample size and which assets to physically verify — statistical vs. judgmental sampling, key items, and two-directional testing.

Learn how to audit fixed assets step by step — plan, verify existence two-directionally, reconcile to the GL, test additions, disposals, and depreciation. Start now.

Decide when you need an independent, third-party fixed-asset audit instead of an internal one — and how to choose an objective, multi-site verification provider.

When SAP PM logs a component replacement, FI-AA rarely derecognizes the old part — creating ghost components on your fixed-asset register. The mechanism, the IAS 16 exposure, and how to close it.

The existence assertion tests whether recorded PP&E actually exists. See how a verified, evidence-backed asset register is your audit + SOX 404 proof.

Measure GAAP inventory at the lower of cost and net realizable value under ASC 330. See the NRV test, allowed cost-flow methods, and physical-count rules.

Unmanaged fixed assets quietly drain budgets: over-taxation, over-insurance, audit inflation, impairment exposure & more. See the 7 hidden cost buckets.

The fixed asset accounting cycle explained: acquisition, capitalization, depreciation, ASC 360 impairment, verification, disposal, and reporting under U.S. GAAP.

Step-by-step process and a reusable SOP template for running accurate warehouse cycle counts, plus best practices for inventory and operations managers.

How to collect accurate asset data for a CMMS from the plant floor — nameplate capture, asset hierarchy, criticality, and the field methods that make a CMMS implementation succeed.

How to design an asset hierarchy and equipment taxonomy for a CMMS — the levels, naming conventions, criticality, and the common mistakes that make maintenance data unusable.

A practical guide to ISO 14224 — the equipment taxonomy, its nine hierarchy levels, and the equipment, failure, and maintenance data categories — from a field data-collection perspective.