The code in asset auditing
[Johannesburg, 31 August 2010] -
The importance of asset verification in the public sector really revolves around two aspects, namely, how prudently is taxpayers' money being employed in this domain, and are the appropriate assets being employed to promote the required levels of service.Thus asset verification in the public sector is crucial in promoting and maintaining an accurate and complete asset register, which is compliant with the necessary regulatory requirements, which will lead to maximising the utilisation value of each asset as well as the efficient and effective management of public resources.The importance of asset verification in the public sector is really reflected in the benefits provided to a public sector organisation that regularly executes on a well-defined asset verification plan, these are:
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