Asset verification is the check at the heart of every audit: this asset, on this record, is really here. It can be done for the whole register in a stock-take, for a sample, or individually — for example, when a custodian confirms they still hold an assigned laptop.
Why it matters
Many regulators and auditors expect periodic physical verification of fixed assets, and it is the only way to find ghost assets before they distort the books.
Evidence of verification
- A scan of the asset's tag (stronger than a tick on a list)
- Date, time and who verified
- Location at verification
- Condition notes or a photo
Example
A remote team verifies assigned laptops quarterly: each person taps or scans their laptop tag in the app, confirming existence and custody without shipping anything back.
In Asetavo
Verification happens through audit scans, each recorded with who, when and where in the asset's history.