About this certificate

This certificate states the movement in an entity's fixed and intangible assets over a financial year, and what they were worth at each end of it. It is drafted to the illustrative formats in the ICAI Handbook on Certificates by Chartered Accountants (October 2025), Annexure III.

What it certifies

On the audited reading: that the gross block and net block of the property, plant and equipment and the intangible assets, as detailed in the Statement, are in agreement with the audited financial statements.

That is an agreement assertion, not a valuation one. It says the schedule ties to the accounts. It does not certify that the assets exist, that they are owned, that the depreciation rates are appropriate, or that the carrying amount is recoverable.

One certificate, two readings

Audited financial statements availableReasonable assurance

Ends in an Opinion that the gross and net block agree with the audited statements, and names the audit report.

Only unaudited financial statements availableLimited assurance

Ends in a Conclusion, stated negatively, and lists seven procedures — including work the audited reading leaves to the audit.

The seven procedures

The unaudited reading prints, as work performed: the Statement traced and agreed to the unaudited financial statements; the entity's records checked for full particulars including quantitative details and the situation of the assets; additions checked as capitalised per the applicable accounting standards and supported by invoices; the entity's system of physical verification checked, with no material discrepancies noticed; title deeds, lease agreements and ownership documents test-checked to establish freehold or leasehold; legal ownership documents checked for the recognised intangibles; and indefinite-life intangibles, including goodwill, checked as tested for impairment with none material noticed.

What you enter, and what is worked out

Nine figures per asset class — the opening balance, the movement and the deductions for each of the gross block, the accumulated depreciation or amortisation, and impairment.

Five more are worked out and shown read-only: the three closing balances, and the net block at each end of the year.

A row per class, a column per class

You enter one row per asset class. The Statement prints the transpose: the movement lines run down the side, and each class you entered becomes a column, in the order you entered them.

So the order of your rows is the left-to-right order of the printed schedule. Land and buildings first, then the rest, reads the way a fixed asset schedule usually does.

Two Statements, two pages

Unlike the grant certificate — whose two halves share a page — these are separately signed.

A. Property, Plant and Equipments and B. Intangible Assets each get their own page, their own identification legend and their own signature, exactly as the handbook prints them.

An entity with no intangible assets leaves that step empty; page B then says so rather than printing an empty grid.

Standalone, and the parenthesis

The handbook qualifies every reference to the financial statements with "Standalone (where the entity prepares consolidated financial statements)".

That parenthesis is a condition, not decoration. Tick the entity prepares consolidated financial statements on the Period & Basis step and it is kept; leave it clear and the certificate simply says "Standalone".