Accountancy Forum
Fixed Assets Policy - Printable Version

+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forum-accounting-and-audit)
+--- Thread: Fixed Assets Policy (/thread-fixed-assets-policy)



Fixed Assets Policy - ghazoo - 01-21-2012

AoA,

I am working for a new born construction company, during last audit our external auditor raised observation that company doesn't formalize their fixed assists policy. Company have rented corporate office, cars, furniture & fixtures and Computers nothing more than that. Can anyone give me specimen of this policy or idea how to formalize such policy.

Ghazanfar.


- danishayub_76 - 01-24-2012

Dear. If your company has acquired such items on rental basis and it considers that it is more economical then isn't it fine?