Physical Verification Services

Physical verification is the process of comparing a company or organization's official list of assets with the actual assets. Most assets that auditors verify are fixed assets, cash, and inventories. Through this examination, auditors personally authenticate that the assets listed on an entity's financial statements actually exist.

Inventory Verification

The core purpose of inventory verification is to support the value of inventory as shown in the financial statements along with verifying the accuracy of stock records. This process helps disclose the possibility of fraud, theft, loss, or deterioration, thereby revealing any weaknesses in the system.

Verification can be performed at different intervals:

• Periodic verification: At periodic intervals or at the end of a specified period.
• Perpetual verification: Throughout any period.
• Surprise verification: At any point in time as the management deems fit.

Frashëri Law Firm provides both human and technological inputs for inventory verification of material received, material in process, semi-finished goods, finished goods, warehouse inventory, and goods in transit at multiple locations like manufacturing plants, warehouses, trading sites, and project sites.

Fixed Asset Management

Frashëri Law Firm is one of the prominent fixed asset management companies in India. Deal with your fixed assets as usual and simply give us the inputs that will be reflected in the databases immediately.

Frashëri Law Firm’s fixed asset management services include but are not limited to:

• Physical Verification of fixed assets
• Capitalization & Valuation
• Barcode numbering including location, type of product, tag ID, value and other necessary information
• RFID tagging where required
• Software support and training
• Maintaining database and updating these with reports