Define: Verification

UK Accounting Glossary

Definition: Verification


Quick Summary of Verification


An substantive auditing test that confirms on the existence, ownership and valuation of assets and liabilities.




What is the dictionary definition of Verification?

Dictionary Definition


This is a substantive test within an audit that confirms on the existence, ownership and valuation of assets and liabilities.

It is used to carry out a balance-sheet audit or to gather general audit evidence.


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Full Definition of Verification



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Verification FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/verification/
Modern Language Association (MLA):
Verification. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 21, 2019 https://payrollheaven.com/define/verification/.
Chicago Manual of Style (CMS):
Verification. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/verification/ (accessed: November 21, 2019).
American Psychological Association (APA):
Verification. PayrollHeaven.com. Retrieved November 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/verification/

Definition Sources


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This glossary post was last updated: 5th May 2019.