Fixed Assets AuditConduct an audit of fixed assets recorded in the company's books through review of the underlying processes, systems, and vendors/suppliers that are part of the fixed asset ecosphere within the organization.
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The dynamic template your fixed asset reporting has been waiting for.
The template allows audit teams to initiate and execute an audit of the fixed asset reporting conducted by their organization.
Follow comprehensive audit procedures to cover the end-to-end fixed asset reporting process, spanning the following:
- Analytic review of fixed assets (Property, Plant & Equipment - PPE)
- Depreciation processes, methodology of PPE
- Charges/credits applied to PPE
- Treatment of expenses (i.e., repairs/maintenance) for PPE
Suit the user scope and process with this dynamic template that can be modified.
- Defined audit procedures
- Prepopulated audit test steps for each identified audit procedure
- Ability to track progress for each procedure
- Dynamic format, with the ability to add or remove procedures
Fixed Assets Audit is the property of AuditNet®.
Workiva disclaims all warranties as to the accuracy, completeness or adequacy of information contained in the AuditNet® Fixed Assets Audit Template, or for interpretations thereof. Workiva accepts no liability or responsibility to the user for the selection of materials from the AuditNet® content or for reliance by any user or reader of such information.
Frequently Asked Questions
Can I make changes to the template; e.g., add or remove sections or procedures?
Yes, the template is fully editable.
Is the template available in the SOX/Controls Management workspace?
No, this template is only available for the Audit workspace. We are working on generating SOX/Controls Management templates.
Can I access other audit templates beyond those listed in the "Audit from template" listing?
Yes, you can access additional audit templates from AuditNet. Please click on the following page for details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template, or reach out to your Customer Success Manager for assistance.
Can I share the template outside of the Workiva solution?
Yes, the template can be downloaded as an .xlsx document and shared. Please click on the following link for more details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template
Will Workiva add more Audit templates?
Yes, please refer to the following link for recently added templates: https://support.workiva.com/hc/en-us/community/posts/360077584931-2021-Q1-New-Audit-Templates-Pandemic-Audit-