External auditors in Nairobi offices increasingly test whether recorded assets physically exist. When tags are missing, peeling or duplicated, they cannot match items to the register, and balances get flagged. This Nicetags Solutions article explains why and how to fix it.
External auditors in Nairobi offices increasingly test whether recorded assets physically exist. When tags are missing, peeling or duplicated, they cannot match items to the register, and balances get flagged. This Nicetags Solutions article explains why and how to fix it.
Faded paper labels make it impossible to link a laptop to its register line.
Two assets with one number undermine confidence in the entire register.
Transfers and disposals never recorded leave ghost assets on the books.
Without a dated verification, the register is only a list of purchases.
Walk every site and record what actually exists.
Use anodised aluminium or tamper-evident tags with unique numbers.
Adjust the register with finance approval before the audit begins.
Auditors typically test existence, completeness and valuation. They pick items from the register and look for them physically, then pick physical items and look for them in the register. Clear, unique tags make both tests quick and reduce the chance of an adverse finding.
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