2025 Guide • Audit & Controls

Fixed Assets & Inventory Audit Services: Turning Your Asset Tracking Into a Strategic Advantage

Most companies know they should have a clear, accurate view of their fixed assets and inventory. But in reality, assets are scattered, spreadsheets are outdated, and no one is 100% sure which items actually exist and which are just on paper.

At Kredo, we provide fixed assets and inventory audit services that combine QR-based tagging with exclusive audit software to give you a clean, accurate view of what you own, where it is, and how it’s being used.

fixed assets and inventory audit services dashboard overview

Why Fixed Assets & Inventory Audits Matter So Much

Fixed assets and inventory aren’t just numbers in your books—they’re capital tied up in your business. When tracking is weak or inaccurate, it leads to ghost assets, misplaced equipment, and financial misstatements that show up during statutory or internal audits.

A structured fixed assets and inventory audit gives you:

  • A clean, verified view of what you own and where it is
  • Better control over asset lifecycle, valuation and depreciation
  • Confidence during internal, statutory or external audits
  • Insights to optimise utilisation and stock levels
  • Reduced risk of fraud, misuse, and “ghost assets” inflating your books

In short, you’re not just counting things—you’re tightening control, freeing up capital, and reducing risk.

How Kredo Brings Precision to Fixed Assets & Inventory

Kredo combines on-ground audit expertise with smart, tech-enabled tools to make asset and inventory audits faster, more accurate, and easier to manage. Here’s what sets our fixed assets and inventory audit services apart.

QR Code–Based Asset Tagging

Every asset receives a unique QR tag so it can be identified and verified with a single scan. No more handwritten labels or serial-number confusion—your team instantly knows what an asset is, where it is and what condition it’s in.

Exclusive Audit Software

Our exclusive audit software powers real-time data collection, dashboards, and exception reporting. You move from static Excel sheets to live audit progress, automated variance reports and clear insights.

Comprehensive, Tech-Enabled Audit

We verify existence, location, tagging, condition, and quantities across both fixed assets and inventory— mapping physical records to books of accounts and surfacing missing, duplicate or misclassified entries.

Custom Reporting & Actionable Insights

Get location-wise, department-wise and asset class–wise reports, variance analysis, and recommended write-offs or reclassifications—so you know exactly what actions to take after the audit.

Compliance & Control Built-In

Kredo’s approach is designed for audit readiness and internal control: smoother statutory audits, reduced risk of fraud or misuse, and a stronger control environment.

Real-Time Visibility for Management

With dashboards, exception reports and on-demand views, management doesn’t have to wait weeks for a static report. You see progress and risk hotspots as the audit unfolds.

A Typical Fixed Assets & Inventory Audit Journey with Kredo

Every engagement follows a clear, predictable flow so finance, operations and leadership always know what’s happening.

Step 1: Discovery & Planning

Understand locations, asset classes, inventory profile and existing records. Align on scope, timelines and reporting expectations.

Step 2: Data Collection & Preparation

Extract and clean existing asset registers and inventory reports. Normalise naming, categories and codes to support the audit.

Step 3: On-Ground Tagging & Verification

Tag assets with QR codes, count and verify inventory, and capture condition and location details across sites.

Step 4: Reconciliation & Exception Handling

Match physical counts with book records, flag missing, excess and duplicate entries, and review exceptions with your team.

Step 5: Reporting & Recommendations

Deliver audit-ready reports, variance summaries and practical recommendations to clean up registers and tighten processes.

Step 6: Handover & Ongoing Support

Provide a cleaned-up asset and inventory register and support updates into ERP or asset systems. Plan periodic re-verifications if required.

Who Benefits the Most from These Services?

Kredo’s fixed assets and inventory audit services are designed for organisations where asset and stock control directly impacts risk, funding and growth.

Growing SMEs & mid-market companies Multi-location plants & warehouses Retail & distribution networks Asset-heavy businesses & infrastructure Teams preparing for statutory audit Companies migrating to new ERPs

If you’re constantly firefighting during audits or struggling to trust your own registers, this is exactly when a structured audit adds the most value.

Example Scenarios: What This Looks Like in Real Life

Scenario 1

Cleaning Up Years of Asset Misreporting

Before Kredo

Assets carried on the books long after disposal, inconsistent tagging, and constant queries from auditors about supporting evidence.

After Kredo

Full physical verification, ghost assets identified, and a cleaned-up asset register pushed into the ERP—reducing noise in audits and giving finance confidence in the numbers.

Scenario 2

Inventory Headaches in a Multi-Location Setup

Before Kredo

Warehouses in multiple cities with system stock rarely matching physical reality. Planning teams didn’t trust inventory reports.

After Kredo

Location-wise verification, clear mapping of recurring mismatches and process gaps, and revised stock-handling SOPs—leading to tighter control and better planning decisions.

Why Partner with Kredo for Fixed Assets & Inventory Audits?

You’re not just hiring auditors—you’re partnering with a tech-enabled audit team that understands how to blend on-ground verification with smart tools, and how to turn audits into insight and improvement.

Tech-enabled, not manual

QR tagging, exclusive audit software and structured templates mean faster execution and better data quality than traditional paper-led audits.

Insight, not just counts

You don’t just get what exists—you get why mismatches happen, what to write off and which controls to strengthen going forward.

End-to-end support

From planning and on-ground execution to ERP updates and periodic re-audits, Kredo supports you through the full lifecycle.

Ready to See Your Assets Clearly?

If you’re drowning in spreadsheets, reconciling stock at the last minute, or unsure whether your registers reflect reality, it’s the right time to run a fixed assets and inventory audit.

Contact Kredo today to plan your fixed assets and inventory audit and turn your asset tracking into a strategic advantage.

Schedule a discussion with Kredo
Live dashboard view of fixed assets and inventory audit results

FAQ on Fixed Assets & Inventory Audit Services

How often should we conduct fixed assets and inventory audits?
Most organisations benefit from a detailed fixed assets and inventory audit at least once a year, and more frequently if you’re growing fast, adding locations, or preparing for funding or statutory audits.
What are ghost assets and why are they a problem?
Ghost assets are items that appear in your asset register but don’t actually exist or are no longer usable. They inflate asset values, distort depreciation, and create issues during statutory or internal audits.
How does QR code–based asset tagging help?
QR tagging gives each asset a unique, scannable identity. Your team can quickly verify location, status, and movement, reducing confusion around serial numbers and making future audits faster and more accurate.
Can Kredo help us clean up our existing asset register?
Yes. As part of the audit, Kredo reconciles physical verification with book records, identifies ghost or duplicate assets, and provides a cleaned-up register you can feed back into your ERP or fixed asset management system.
Do you cover both fixed assets and inventory in the same engagement?
Kredo can audit fixed assets, inventory, or both, depending on your scope. Many clients choose a combined fixed assets and inventory audit to get a complete picture of their asset base and stock position.