The Committee recommends that the Accounting Officer ensures that: a) Management implements a barcoding system that will ensure that all tangible assets are identifiable. b) A verifiable asset register, which contains asset descriptions, dates on which they were acquired, as well as serial numbers, is created and updated on a monthly basis. c) A dedicated asset management component is established within the department to manage assets according to the National Treasury guidelines. d) All assets are classified according to the Standard Chart of Accounts (SCOA). e) There is improvement to the current system, or implementation of a new system, to ensure that asset values are in line with the accounting policy. f) All assets are valued as prescribed by the National Treasury. g) A proper system of record-keeping is implemented to ensure that documentation is readily available. h) Monthly reconciliations between the Financial Management System (FMS) and logistical system relating to additions and disposals of assets are performed. i) Policies and procedures relating to assets are amended to ensure that assets are counted annually before the end of each financial year.