Auditing - Differences Between Verification and Valuation | 12th Auditing : Chapter 4 : Verification and Valuation of Fixed Assets

Chapter: 12th Auditing : Chapter 4 : Verification and Valuation of Fixed Assets

Differences Between Verification and Valuation

Verification and valuation are interlinked and interdependent.

Differences Between Verification and Valuation

Verification and valuation are interlinked and interdependent. It is a combined process by which the position of different assets appearing in the Balance Sheet is examined. However, the following are the differences between the two terms.

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12th Auditing : Chapter 4 : Verification and Valuation of Fixed Assets : Differences Between Verification and Valuation | Auditing