Establishing the existence of a business's fixed assets and evaluating their value is an essential auditing task. Despite this, many businesses do not do a great job of keeping track of fixed assets.

Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...

KINGSTON, N.Y. >> A state audit found that fixed assets were not tagged as city school district property, new assets were not added to the district inventory list, and a contractor-generated asset ...