Verification means proving the truth or confirmation the student is warned at this stage not to confuse verification with vouching the expenditure in connection with the acquisition of an assets. One of the most important duties of an auditor in connection with the auditors of the accounts of concern is to verify the assets and liability appearing in the balance sheet. He has not only to examine the airthmatical accuracy and bana fide of the transactions in the book of accounts bu vouching.
