The Fixed Asset पंजीकरण करें is the primary source for PPE roll-forward. CORAA reads the FA register and composes the block-wise schedule per Companies Act 2013 Schedule II: Gross Block, जोड़ेंitions, Disposals, Depreciation Charge, Depreciation Reversed on Disposal, and Net Block. Schedule II useful-life verification runs against the auditee's declared depreciation method. खंड 32 depreciation under the Income Tax Act for the टैक्स ऑडिट composes alongside.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
The FA register is uploaded at Tier III. मानक format: per-asset rows with Asset Code, विवरण, Class, लागत, Date of Put-to-Use, Accumulated Depreciation खोलेंing, Depreciation Charged, Disposals, Accumulated Depreciation Closing, WDV.
Assets aggregate by class into blocks: Buildings (10% under Sec 32), Plant & Machinery (15%), Furniture (10%), Vehicles (15%), IT (40%), and so on. The block-wise roll-forward composes per Schedule II for कंपनी law and per Sec 32 for tax.
For each asset class, Schedule II prescribes a useful life. CORAA checks the depreciation rate against the prescribed life and flags variance. Disposals at a loss are impairment triggers requiring ऑडिटर समीक्षा.
Schedule II of Companies Act 2013 prescribes useful lives for asset classes (Buildings 30-60 वर्ष, P&M 8-25 वर्ष, Furniture 10 वर्ष, etc.). CORAA verifies the depreciation method (SLM or WDV) consistency with these lives.
खंड 32 of the Income Tax Act prescribes block-rate depreciation (different from Schedule II rates). CORAA composes the Sec 32 schedule alongside, with put-to-use date logic for mid-वर्ष additions.
AS 28 requires impairment testing when an asset shows signs of impairment. CORAA flags disposals at a loss, idle assets with significant accumulated depreciation, and assets in lines of business under restructuring.
Capital Work-in-प्रोgress (नहींte 12) often capitalizes into PPE during the वर्ष. CORAA tracks the CWIP-to-PPE transfer with appropriate ऑडिट ट्रेल.
