by Verasset | Apr 29, 2014 | Asset Life Cycle, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Register, Latest News, Physical Inventory, Sarbanes-Oxley Act
Manufacturing companies, regardless of size, typically have a significant investment in capital assets. Regardless of what it is they produce, specialized machinery, tools, equipment, vehicles, etc., are used in daily operations. This is in addition to the everyday...
by Verasset | Jan 14, 2014 | Asset Appraisal, Asset Reconciliation, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory, Risk Mitigation, Sarbanes-Oxley Act
Businesses face many risks every day. One major risk relates to managing and deploying large amounts of money while creating value for shareholders. Business property, equipment and assets represent a significant investment of money. Management of this investment...
by Verasset | Oct 23, 2013 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory, Sarbanes-Oxley Act
Tracking and managing assets is an important and usually daunting task for an organization, regardless of size. Fixed assets can be defined as property that a firm owns and uses in the production of its income. Examples of fixed assets include, but are not limited to,...
by Verasset | Oct 16, 2013 | Asset Reconciliation, Fixed Asset Depreciation, Fixed Asset Reconciliation, Latest News, Sarbanes-Oxley Act
When Congress passed the Sarbanes-Oxley Act, it sought to improve corporate governance of public corporations and reduce fraudulent reporting. The Act places new reporting burdens on corporations and imposes penalties for non-compliance. Chief Executives of public...
by Verasset | Mar 28, 2013 | Asset Appraisal, Barcode Labels, Fixed Asset Inventory, Latest News, Physical Inventory, RFID, RFID Labels, Sarbanes-Oxley Act
Regulatory Compliance- The number 1 reason we find that our customers need to conduct a physical inventory is regulatory compliance. Compliance issues vary depending on the organization, and can include; audit, Sarbanes Oxley (SOX) compliance for fixed assets, and...
by Verasset | Feb 21, 2013 | Asset Reconciliation, Barcode Labels, Fixed Asset Register, Latest News, Physical Inventory, Sarbanes-Oxley Act
Verasset has just completed a physical inventory and reconciliation project for a 125 year old manufacturing company. The company is publicly held and is required to conduct a physical inventory every 3 years in order to be compliant with the Sarbanes-Oxley Act (SOX)....
