Best Practices, Policy & Procedure Reviews | Assertive Industries

Fixed Asset Management

Best Practices, Policy & Procedure Reviews

Your fixed asset management success depends on clear, enforceable policies and procedures. We help you build them — from cradle to grave asset tracking to SOX-compliant internal controls.

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Policy Development

Clear, actionable procedures from day one

SOX & SAS70 Aligned

Controls built to meet audit requirements

Cross-Department Collaboration

Accounting, IT, facilities & purchasing

32+ Years of Experience

Proven results across industries

Why It Matters

From cradle to grave — your assets deserve a plan

Years of experience have shown that an organization’s success widely depends on its successful management of plant & equipment — what we call fixed asset management. That success is dependent upon the development and implementation of clear and concise policies and procedures.

Assertive Industries works with our clients to identify organizational goals, review current activities, and provide realistic solutions that have yielded short and long-term fixed asset management success stories throughout the world.

Proper policies and procedures clearly identify how assets are managed from acquisition to disposal — and allocate responsibilities to the appropriate departments and individuals to maximize return on fixed assets.

32+

Years developing asset management policies

100s

Organizations with stronger controls

$500M+

In client savings from better processes

Global

Success stories from worldwide engagements

Our Approach

The policy & procedure review process

Review Current Documentation

We begin with a thorough review of your existing fixed asset policies and procedures documents — assessing what’s in place, what’s outdated, and what’s missing entirely. This gives us a clear baseline from which to build.

Key Stakeholder Interviews

We conduct in-depth discussions with key department personnel across accounting and finance, IT, facilities management, and purchasing — to understand the current process workflow, pain points, and operational realities that policies must address.

On-Site Facility Visits

We visit key sample facilities to gain a firsthand understanding of how current policies and procedures are actually being adhered to in practice — and where gaps between policy and reality exist. This ground-level view is critical to developing procedures that work.

Asset Information Sampling

We conduct sampling of fixed asset information to assess the current situation, identify control weaknesses, and determine the specific fixed asset management needs your organization faces — both short-term and long-term.

Findings Report & Recommendations

We compile a comprehensive findings report of existing practices and current situation for review and clarification — documenting all findings and providing a prioritized set of recommendations for new or revised policies and procedures.

Policy Development & Implementation

Working collaboratively with your leadership team, we develop new or revised fixed asset management policies and procedures — practical, enforceable, and aligned with SOX, SAS70, and GAAP requirements. We stay with you through implementation to ensure lasting success.

Who We Work With

A cross-functional engagement

Effective fixed asset policies touch every part of your organization. Our review process engages all key departments to ensure nothing falls through the cracks.

Accounting & Finance

Depreciation schedules, capitalization thresholds, impairment policies, and financial reporting controls.

Information Technology

IT asset tracking, software licensing, hardware lifecycle management, and technology refresh policies.

Facilities Management

Physical asset custody, maintenance tracking, space allocation, and property management controls.

Purchasing & Procurement

Asset acquisition approvals, capitalization vs. expense decisions, vendor management, and disposal procedures.

What You Get

Your deliverables

Current State Assessment Report

A comprehensive findings document detailing the current state of your fixed asset policies, procedures, and controls — including gaps, weaknesses, and compliance risks.

Revised Policy & Procedure Manual

A fully revised or newly developed fixed asset management policy and procedure manual — practical, enforceable, and aligned with SOX, SAS70, and GAAP requirements.

Implementation Roadmap

A prioritized action plan for rolling out new policies and procedures — with clear ownership, timelines, and milestones to ensure successful adoption across all departments.

Staff Training Recommendations

Guidance on training your team to understand and apply the new policies — ensuring procedures are followed consistently across locations and departments.

Compliance Controls Framework

A documented internal controls framework for fixed assets — designed to satisfy external auditors and reduce the risk of material misstatement in your financial statements.

Ongoing Advisory Support

Post-engagement support as you roll out your new policies — with access to our team for questions, clarifications, and guidance as your organization evolves.

Ready to strengthen your asset controls?

Let’s start with a free consultation to assess your current fixed asset policies and identify where the biggest opportunities for improvement lie.

Request a Free Consultation

We’ll respond within one business day.