Physical Verification of Assets
Physical Verification of Network, Plant & Machinery, Office
Equipment & Other Support Assets.
- Need based.
- Should cover 100% of assets every
Scope of Work
Conduct physical verification of assets at Cell
Sites, Offices, Warehouses & Plants.
Submission of preliminary report.
Prepare a discrepancy resolution matrix and determine
shortages / excesses.
Necessary provisions in the books of accounts.
Closure of Physical Verification Report through sign off
between Commercial / Technical, Finance & Us.
Physical Verification Report of Assets.
Identifying movement of assets during the period of physical
Identifying, determining Non-tagable items in Fixed Assets
freight, duties etc.
Site-wise, item-wise reconciliation statement.
Valuation of shortages / excesses of material at each site.
Report for Internal as well as Statutory audit.
Certificate for Physical Verification.