|
Verification means 'Proving the truth' or 'Confirmation'. Verification is an auditing process in which auditor satisfy himself with the actual existence of assets and liabilities appearing in the Statement of Financial position. Verification is usually conducted through examination of existence, ownership, title, possession, proper valuation and presence of any charge of lien over assets. Thus, verification includes verifying:〔(【引用サイトリンク】title=VERIFICATION AND VALUATION )〕 # The existence of the assets # Legal ownership and possession of the assets # Correct valuation, and # Ascertaining that the asset is free from any charge ==Objectives== Objectives of Verification are:〔 # To show correct valuation of assets and liabilities. # To know whether the balance sheet exhibits a true and fair view of the state of affairs of the business # To find out the ownership and title of the assets # To find out whether assets were in existence # To detect frauds and errors, if any # To find out whether there is an adequate internal control regarding acquisition, utilization and disposal of assets. # To verify the arithmetic accuracy of the accounts # To ensure that the assets have been recorded properly 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Verification (audit)」の詳細全文を読む スポンサード リンク
|