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


  1. The act of verifying.
  2. The state of being verified.
  3. Confirmation; authentication.
    The detective needs verification of your whereabouts last night.
  4.  A formal phrase used in concluding a plea, to denote confirmation by evidence.
  5. The operation of testing the equation of a problem, to see whether it truly expresses the conditions of the problem.

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Full Definition of Verification


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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Synonyms For Verification


check, confirmation, checking, audit, test


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. February 20, 2020 https://payrollheaven.com/define/verification/.
Chicago Manual of Style (CMS):
Verification. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/verification/ (accessed: February 20, 2020).
American Psychological Association (APA):
Verification. PayrollHeaven.com. Retrieved February 20, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/verification/

Definition Sources


Definitions for Verification are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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