stocktaking case study

Fixed Asset Count to Update Government Asset Register

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  • State offices

    23

  • Auditors

    12

  • Assets

    60,000

Customer

  • Sector

    full fixed asset count

    An accounting firm that perform special projects to public entities. An outgoing state government was finishing its six year period and required an accurate asset register for the incoming administration.

    THE CHALLENGE

    The accounting firm required support from RGIS to complete a fixed asset count for its client:

    • Count assets at all state offices
    • Identify location and asset tag for each asset
    • 23 state offices covering 12 municipalities
    • Validate the assets counted against existing asset register

    Why RGIS?

    An accounting firm that perform special projects to public entities. An outgoing state government was finishing its six year period and required an accurate asset register for the incoming administration.

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    Our Solutions

    The accounting firm partnered with RGIS and completed the following:

    • Provided an experienced team of 12 RGIS auditors

    • Scheduled counts from Monday to Friday, 8am to 5pm

    • Counted all tagged assets in each state office

    • Checked tags against the existing asset register

    Results

    The accounting firm found that by outsourcing the fixed asset count project to RGIS the following was achieved:

    • 60,000 assets were counted

    • Completed asset count within the timeframe given

    • Accurate reporting of the assets in each building for the client

    Conclusion

    By partnering with RGIS, the accounting firm successfully delivered a comprehensive and independently verified fixed asset count across 23 state offices spanning 12 municipalities. A total of 60,000 assets were accurately identified, tagged and validated against the existing asset register within the agreed timeframe. The structured approach ensured precise location tracking and reliable reporting for each building, providing the client with a fully reconciled and defensible asset position. As a result, the accounting firm strengthened audit integrity, improved asset governance, and delivered clear, accurate data to support financial reporting and compliance requirements.

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