Documentation of Capital Asset Management Policies and Procedures

Traditionally, accounting for capital assets was considered simple and perceived by auditors as low risk with adequate internal controls.

However, in recent years both internal and external regulatory guidelines and auditor scrutiny have increased significantly. As a result, it is important for organizations to have well documented and regular reviews of their capital asset management policies and procedures.

Capital asset management policies and procedures should cover all phases of the asset life cycle including:

  • Planning and budgeting
  • Acquisition
  • Accounting
  • Management
Documentation of Capital Asset Management Policies and Procedures 2017-07-12T00:00:00.0000000 /insights/publications/fixed-asset-management-and-insurance-solutions/documentation-of-capital-asset-management-policies-and-procedures publication {B062D54C-1425-4A04-8F9F-95EA14068E6D} {55E5C000-EC8B-4AD1-BC89-41F1A3DE272B} {F207EC8B-BEAF-419A-B25D-0570AA02C1E9} {7803A67C-87FD-43EF-9B1E-107425CAD201}

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