Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic

This study was to assess the issues and challenges encountered in the physical verification of fixed assets during Covid-19 compared to the normal practices of fixed assets inventory management.It focused on discovering why fixed assets inventory management employees were experiencing these challenges and how they dealt with the difficulties during the Covid-19 pandemic.An organization has thousands of physical fixed assets and it's crucial to know their operating condition and location.The prolonged disruption caused due to Covid-19 has further resulted in improper verification & maintenance of records to validate the existence and ownership of assets; therefore, identifying, tracking, and controlling inventory by means of physical verification is critical for preventing the misappropriation of assets and the organization's smooth operation.Asset verification effectively keeps track of asset details, ensure control, and prevent misappropriation.