Prepared by:

[YOUR NAME]

Date:

May 1, 2055

Company Name:

[YOUR COMPANY NAME]

1

Verify the existence of all physical and digital assets.

2

Ensure all assets are correctly classified (e.g., fixed, intangible).

3

Confirm that all assets are tagged or labeled appropriately.

4

Review asset lifecycle documentation and depreciation schedules.

5

Check for any discrepancies between physical assets and records.

1

Review asset acquisition policies and procedures.

2

Verify that all acquisitions follow the organization’s procurement process.

3

Ensure that purchase orders, invoices, and contracts are properly documented.

4

Assess vendor performance and compliance with contract terms.

5

Evaluate approval workflows for asset purchases.

1

Review asset usage records to ensure proper utilization.

2

Check maintenance schedules and logs for critical assets.

3

Ensure that preventive maintenance is performed regularly.

4

Assess the efficiency of asset utilization for each department.

5

Verify that assets are stored and handled correctly to prevent damage.

1

Review procedures for asset disposal and retirement.

2

Verify that decommissioned assets are properly documented and removed from inventory.

3

Ensure data erasure for digital assets before disposal.

4

Confirm that assets are disposed of according to environmental and regulatory standards.

5

Assess financial impact and savings from asset retirement.

1

Ensure compliance with industry standards and legal requirements.

2

Review internal asset management policies for compliance with external regulations.

3

Identify risks associated with asset mismanagement or loss.

4

Evaluate insurance coverage for high-value or critical assets.

5

Assess the organization's cybersecurity measures for protecting digital assets.

1

Review reports on asset performance and financial impact.

2

Ensure that all asset-related documentation is up to date.

3

Check for any gaps in the reporting of asset management activities.

4

Verify that stakeholders receive accurate asset management reports.

5

Assess the efficiency of the asset management software/system used for tracking assets.