you must review the risk and controls for foud asset acquisitions to enoure that the correct alierment of rikk and cortros eaista, and it it doesn:, you need to oreate an updated version of the alienment and submit it for apareval Match esh controf whth the risk it is intended to mitigate. Perform fixed asset reconciliations Inability to properly track the asset Initially approve fixed asset purchase Fraudulent bidding or approval of non-budgeted items Enter assets into the main fixed asset table Inability to properly track the asset Tig fored assets Imoroper use of the asset Have employee review and sign a code of conduct Fraudulent biddine or aooroval of non-budeeted items Have management review acquisition agreements Foed asset beine exensed instead of beine caoitalized Ensure policies limiting fixed assets expenditures Are clearly Fracidulent bidding documented and authorized