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Asset Management
What makes an asset register audit-defensible — and why most are not
12 August 20269 min read
A register is only as strong as its weakest component. We unpack the six failure modes we see in AGSA findings and how to design them out.
An asset register fails an audit for one of six reasons: a component that cannot be found, a value that cannot be traced, a condition that was never assessed, a useful life that was copied rather than modelled, a classification that does not map to the chart of accounts, or a change that has no author.
Each failure is a data-model problem before it is a fieldwork problem. If the register cannot represent a coordinate, a source document and an approver on every line, no amount of surveying will make it defensible.
MERIDIAN™ was designed from these six failure modes outward. Every component carries a location, a provenance chain and an immutable change log. The audit question "where did this number come from" has a machine-readable answer.