Title Page
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Client / Site
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Location
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Conducted on
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Prepared by
Verification of Fixed Assets Controls
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The organisation has an up-to-date record of fixed assets
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Fixed assets are reviewed on a regular basis to ensure that they continue to be of use to the organisation and are in good working condition
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Portable fixed assets are stored securely when not in use
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Information and communications technology devices and other equipment provided to employees and volunteers are tracked and accounted for
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Only authorised employees and volunteers are allocated keys to the organisation’s buildings and offices
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The organisation’s buildings and offices are secured after office hours
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Access to the organisation’s buildings and offices after office hours is for authorised employees and volunteers only
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An appropriate level of insurance cover is in place to cover fixed assets
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Depreciation charges are calculated and reviewed prior to annual audits
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Purchases of capital items are made in accordance with the organisation’s procurement policy and payment procedures
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Rental properties and leases are in the name of the organisation and not in the name of individual directors or employees
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Auditor's full name and signature