For the institution or corporation contemplating the rigors of a Sarbanes-Oxley (SOX) or Model Audit, a comprehensive inventory of non-consumables and assets of the corporation serves components of audit compliance: 

1. Demonstrates the ability to account for non-consumable assets.
2. Value those assets according to a schedule of depreciation.
3. Ensures an accurate review of property and casualty insurance coverage should loss due to damage or theft occur.  

Of concern to the business whose investors and stockholders expect advance planning for Disaster recovery/Business Continuity, an accurate inventory of corporate assets to support any future claim for damage or loss will speed claim filing and assure all losses are accounted for and documented.  The edited video of premise interior and exteriors including still images of business as usual and signage will meet/exceed insurer's requirements to show 'pre-loss' conditions.

---

Recommend this article...