Valuation Meaning Valuation means finding out correct value of the assets on a particular date. It is an act of determining the value of assets and critical examination of these values on the basis of normally accepted accounting standard. Valuation of assets is to be made by the authorized officer and the duty of auditor […]
Tag: What is Auditor’s Duty Regarding Verification
Verification – Meaning of Verification, Definition of Verification, Objectives of Verification, Auditor’s Duty Regarding Verification
Verification Meaning Verification means the act of assuring the correctness of value of assets and liabilities in the organization. It refers to the examination of proof of title and their existence or confirmation of assets and liabilities on the date of Balance Sheet. It usually indicates verification of assets of any organization, which can be […]