Assets on Paper. Verified in Practice.
Fixed Assets Audit Services in India
From machines to furniture, your fixed assets impact tax, depreciation, insurance, and compliance.
OverviewFixed Asset Audit verifies the existence, condition, location, and depreciation of assets listed in your books. It’s crucial for maintaining accuracy in financials, detecting ghost entries, and staying compliant with taxation and audit laws. Start Bharat delivers sector-specific fixed asset audits — covering capital registers, physical checks, depreciation recalculations, and internal usage validation — all supported by a professionally drafted report.
Who Is This For?Start Bharat’s Fixed Assets Audit is ideal for any entity that owns significant physical or intangible assets.
Manufacturers With High-Value Machinery and Equipment
Plants operating heavy machinery needing valuation, tagging, and depreciation accuracy for books and insurance.
Offices, Warehouses, and Educational Institutes
Premises maintaining computers, furniture, ACs, and assets that require physical validation and tagging.
NGOs or Grant-Receiving Bodies With Asset Declarations
Charitable bodies that must maintain donor-financed asset records and usage statements for audits.
Companies With MCA or Statutory Audit Compliance
Firms needing fixed asset reconciliation as part of financial audits under Companies Act or Ind AS.
Businesses Applying for Insurance or Loans on Assets
Entities presenting asset-backed reports for insurance, asset financing, or net-worth based loans.
Solutions OfferedStart Bharat performs full-scope fixed asset audits, combining on-ground verification with book-based analysis.
Benefits Auditing your fixed assets helps prevent over-reporting, financial losses, and legal complications.
Step-by-Step ProcessStart Bharat delivers fixed asset audits in a structured format — on-site or remote.
Collect Asset Register and Business Details
We review your asset ledgers, purchase history, and map them to physical location, department, and tagging policy.
Conduct Physical Asset Walkthrough or Digital Review
Our audit team physically verifies, photographs, or digitally confirms the presence and state of listed assets.
Compare Book Value, Age, and Legal Depreciation
We match financial entries to condition, cost, depreciation applied, and identify any missing or ghost assets.
Final Report Submission With Red Flags and Fixes
You receive a signed audit report showing total assets verified, missing entries, depreciation gaps, and suggested SOPs.
Frequently Asked Questions
We’ve amassed a large number of frequently asked questions (FAQs)
It’s a review of all capital assets to confirm existence, condition, valuation, and depreciation accuracy for tax and statutory purposes.
Stock audit covers inventory and consumables. Fixed asset audit deals only with long-term capital goods like machines, furniture, or computers.
Not always, but required during statutory audits, tax scrutiny, due diligence, and by many insurers and lenders.
Yes. We provide detailed reports with photos, age, and book value that banks and insurers accept.
Annually is ideal — especially before year-end reporting, statutory audit, or if you’ve had new acquisitions/disposals.
Such ghost assets must be removed or impaired. We guide on how to report and rectify it legally.