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.