Asset Audits
Introduction to Asset Audits
Last Updated: September 1, 2026Overview Asset audits help your organisation confirm that physical assets match the information recorded in AssetIQ. Regular audits improve asset-data accuracy, identify missing or incorrectly recorded assets, and provide greater visibility across locations and business units. AssetIQ provides a structured process for planning an audit, assigning responsibility, verifying assets, recording findings and reviewing the completed...
Understand Asset Audit Types
Last Updated: September 1, 2026Overview Audit types help your organisation classify asset audits according to their purpose and operating requirements. Selecting the appropriate audit type ensures that users understand why an audit is being conducted and how its results should be reviewed. The audit types available to you depend on how AssetIQ has been configured for your organisation. What...
Create and Assign an Asset Audit
Last Updated: September 1, 2026Overview Create an asset audit when your organisation needs to verify physical assets against the information recorded in AssetIQ. When creating an audit, you define its purpose and scope, provide the required audit information and assign responsibility to an appropriate user. Before you begin Before creating an asset audit, make sure that: To learn more...
Conduct and Submit an Asset Audit
Last Updated: September 1, 2026Overview After an asset audit has been created and assigned, the assigned auditor can begin verifying the assets included in its scope. During the audit, compare each physical asset with its AssetIQ record, record the verification result and document any differences. When all available assets have been reviewed, submit the audit for further review. Before...
Review Audit Discrepancies
Last Updated: September 1, 2026Overview An audit discrepancy is recorded when a physical asset or its circumstances do not match the information held in AssetIQ. After an audit is submitted, authorised users should review each discrepancy, investigate its cause and determine whether the asset record or another business process needs to be updated. Important: A discrepancy should not be...
Export Asset Audit Results
Last Updated: September 1, 2026Overview AssetIQ allows authorised users to export asset audit results for analysis, reporting and record keeping. Before exporting, review the selected audit, apply the required filters and confirm that the results are complete. Exported audit information may then be used to investigate discrepancies, prepare internal reports or retain evidence of the completed audit. Before you...