Physical Verification

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

Inventory Verification

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The core purpose of inventory verification is to support the value of inventory as shown in the financial statement along with verifying the accuracy of stock records, disclosing the possibility of fraud, theft or loss, or deterioration thereby revealing the weakness of the system if any. It could be done at periodic intervals or at the end of a specified period (periodic verification), throughout any period (perpetual verification), and at any point of time as the management deems fit (surprise verification).

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We provide 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, project sites, etc.

Fixed Asset Management

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Erika Consultancy deals with your fixed assets as usual and simply gives us the inputs that will be reflected in the databases immediately.

Our fixed asset management service includes but is 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.

We are scrupulous and committed to delivering results setting you free to focus on more crucial aspects of your operations.