A fixed asset register you can defend in any audit.

CARO 2020 asks for physical verification by management at reasonable intervals. It does not fix a number of years. In practice many companies verify once every three years, and for IT-heavy, high-growth and multi-location businesses, annual verification is increasingly the norm. We help you set an interval you can defend to your auditor and then produce the evidence to back it.

A ghost asset is an item still on your Fixed Asset Register that no longer exists on the floor: scrapped, stolen, sold or transferred and never written off. It keeps depreciating, which inflates your net block, distorts depreciation and can overstate your insurance cover. Industry studies commonly put ghost assets at 15 to 25 percent of the asset base in large Indian companies, which is why an independent physical verification matters.

Yes. An ERP records what was bought; it does not confirm what is still on the floor today. CARO 2020 specifically asks for physical verification by management, not just system records. We reconcile what we physically find back to your ERP and your FAR, so the two finally agree.

Both are in scope. CARO 2020 added intangibles such as software licences, patents and trademarks to the records requirement. Right-of-Use assets under Ind AS 116 also need verification, and the lease deeds need to be in the company name. We cover both, and our MYNDLeaseX platform supports ongoing lease accounting.

With route mapping and logistics planning. We schedule visits around your business hours: outside peak hours for retail and QSR, around plant shifts for manufacturing, and around patient timings for hospitals. Field teams are trained to work unobtrusively, and a single point of contact coordinates each site.

Yes. For every immovable property we verify the title deed is in the company name, flag any mismatch (often from pre-merger entities) and prepare the CARO 2020 disclosure format. For CWIP we review balances, identify what should already have been capitalised and prepare the Schedule III ageing disclosure your auditor will ask for.

A statutory auditor checks and reports. We do the underlying work that gives the auditor something clean to check: the physical verification, the FAR cleanup, the reconciliations and the evidence pack. We operate inside your controls and escalate anything that needs judgment, so final sign-off stays with you. Many CA firms rely on exactly this kind of evidence pack.

SAP, Oracle, Tally, Microsoft Dynamics and most other major ERPs. We have run dual-ERP environments, with SAP plus Tally common in Indian manufacturing, and we provide integration and data migration support as part of the setup. No rip-and-replace; we connect to the systems you already run.

Asset records, physical verification and discrepancy handling are core to IFC over asset-related controls. Our evidence pack, discrepancy logs, management sign-offs and SOPs map directly to what an IFC reviewer expects to see, so the same work supports both your CARO auditor and your IFC reporting.

It depends on the number of sites and asset volume. A single site can close in two to three weeks; a rollout across 50 or more locations typically runs over two to three months. We give a clear written timeline in the proposal. To start, we run a free FAR health check, then scope sites, asset classes, deliverables and commercials before any field work begins.

We use encrypted data transfer, secure cloud storage, role-based access controls and standard non-disclosure agreements, with processes aligned to ISO standards. The same independently audited controls behind our managed services, ISO 27001, ISO 27701, SOC 1 and SOC 2 Type 2 and DPDP-aligned handling, are verifiable in our Trust Center.