Fixed Asset Count to Update Government Asset Register
An accounting firm that perform special projects to public entities. An outgoing state government was finishing its six year period and required an accurate asset register for the incoming administration.
REQUIREMENT
The accounting firm required support from RGIS to complete a fixed asset count for its client:
- Count assets at all state offices
- Identify location and asset tag for each asset
- 23 state offices covering 12 municipalities
- Validate the assets counted against existing asset register
SOLUTION
The accounting firm partnered with RGIS and completed the following:
- Provided an experienced team of 12 RGIS auditors
- Scheduled counts from Monday to Friday, 8am to 5pm
- Counted all tagged assets in each state office
- Checked tags against the existing asset register
RESULTS
The accounting firm found that by outsourcing the fixed asset count project to RGIS the following was achieved:
- 60,000 assets were counted
- Completed asset count within the timeframe given
- Accurate reporting of the assets in each building for the client