Fixed Assets Audit

Conduct 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.

Template Contents

Audit

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Fixed Assets Audit in the Workiva Platform

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.

Key Features

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.

The content provided on this website does not, and is not intended to, constitute legal, accounting, tax, investment, compliance, or other professional advice and services; instead, all information, content, and materials available on this site are for general informational purposes only. The content on this posting is provided "as is;" no representations are made that the content is error-free or up to date.

Compatible Solutions

To use this item, your organization needs to have purchased one of the following solutions.

Audit Management

Created By

Support and Documentation

Last updated 07/15/2021 ()

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.