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Policy documents
 
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 Computers. Can anyone give me an idea how to formalize such policy.
 
Fixed asset policy will contain the recognition method of fixed assets, procurement process, depreciation method, depreciation rate, asset coding, use full life, responsibility for the safe custody of fixed assets.
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