Avows corporate asset verification involves lining up all the assets specifying the places where the assets are held and the ones responsible for the possession.it provides:
- A true and fair statement of fixed assets.
- An updated FAR.
- Results in better internal control and accountability.
- Audit compliance.
- Better and simpler decision-making process.
To such a degree it aids to present a true and fair financial position of a firm, and know the profitability level and future prospective of a firm.