Offices
76
Auditors
7
Assets
18,000
A public entity that finances government employees purchases of durable goods such as furniture, white goods and electronic appliances required the support of RGIS. It operates through 76 offices nationwide.
THE CHALLENGE
The customer required the following:
- Fixed asset count of all 76 offices
- Each office had 100 to 1,500 assets
- Check all assets
- Variances to be generated
- Validate variances for each office
Why RGIS?
The public entity wanted to understand the number of fixed assets within each office and which office the assets were located in.
Our Solutions
The public entity partnered with RGIS to complete the following:
A team of seven experienced RGIS auditors were teamed with two internal auditors
Assets included office furniture and equipment
Validated all assets
Variances identified from original asset register
Discrepancies to asset information including descriptions were corrected
Results
The public entity found by outsourcing the fixed asset count to RGIS, the following was successfully achieved:
18,000 assets were counted in total
All the assets owned were verified
The asset register updated with correct descriptions
Conclusion
Assets could be moved from different offices rather than purchasing new assets.
