In order to adequately manage the company’s assets, it is vital to have full control over the physical inventory of assets. We hire professionals with extensive experience in assets evaluation who work efficiently and with accurate planning.
The lack of effective internal controls can result in the company absorbing significant losses related to assets management, apart from being exposed other risks thereof.
For this reason, our professional team work efficiently and with accurate planning during the course of the works involving internal controls and inspection of the physical conditions of any one item your company may hold.
See in details how it works and how we offer this service:
We are responsible for inspecting the physical condition of all assets and mark them with identification tags, plus reconciling them with your company’s accounting records.
Our procedures are in compliance with all requirements of Brazil’s current Accounting Norm, regulated by the Accounting Pronouncements Committee through CPC27 – Fixed Assets. At the end of our work procedures, we issue the physical inventory report for fixed assets as they are normally subject to the evaluation of the major global auditing companies (Big Four).
Planning and definition of filing layout
Fixed assets inventory count
Identification tagging
Accounting assessment and reconciliation of quantities
Input of quantities and amounts into the system
Implantation of fixed assets management controls
The Brazilian accounting norms, regulated by the Accounting Pronouncements Committee, through Pronouncement CPC27, changed the calculation criterion for depreciation which is now based on the expectancy of the useful life of each individual asset, depending on the respective utilization, abolishing the standard tax depreciation rate for all companies.
The pronouncement also establishes that the useful life of assets must be determined – applied prospectively – at least once a year. Our specialists perform an analysis of the assets physical condition and evaluate the manner in which each fixed asset is used in the company’s operations. Based on a technical analysis of assets depreciation, we calculate the residual useful life used for depreciation calculation purposes.
Once our analysis is concluded, we provide our client with a spreadsheet stating all assets evaluated so that it may be included to the assets control system. We also issue a report presenting the specific useful life estimate considering the way these assets are being used and their current physical condition.
Our reports are subject of analysis by the major global accounting firms (Big Four) and will serve as basis for calculating depreciation more accurately.
It is recommended that companies perform an analysis over the recoverability of their assets on an annual basis, whether fixed, tangible, financial and others. The objective of the referred analysis is to identify obsolete items or those whose accounting value exceeds their fair value or items in use.
The Brazilian Accounting Norms are regulated by the Accounting Pronouncements Committee, and Pronouncement CPC 01 highlights the recoverability test details, also known as impairment analysis.
Our professional team is highly experienced in performing impairment analysis for medium and large companies based in Brazil but who report internationally, applying concepts of local, international (IFRS)
and U.S. (USGAAP) standards.
Upon conclusion of our analysis, we issue a report presenting the technical basis and details of the analysis performed. These reports are subject to assessment and validation by major global auditing firms (Big Four) and they ensure an impartial analysis of assets.
Practice of identification, classification and counting of products for sale available at the company. Accounting standards require that companies adopt physical inventory counting procedures as the best practice for reconciling physical and accounting balances.
Our professionals have in-depth experience in physical inventory counting. We start by setting up an activities schedule: training the teams responsible for your company, organizing the inventory items, performing physical inspections, compiling data and performing the accounts reconciliation.
At the end of our procedures, we issue a physical inventory report presenting all activities carried out, the criteria used and the conclusion. Our reports are subject to assessment and validation by major global auditing firms (Big Four).
We perform two types of inventory count:
Renato, Aldo, Anselmo and Tiago are leading professionals with extensive experience in the area. They are also in charge of 100 professionals ready to deliver the best solutions for your company.
Would you like to contact us? Click below
contato@rracontabil.com.br
55 (19) 3251-7994
55 (11) 4040-6229
55 (19) 97806-2443
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