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What is difference between Vouching & verification?

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Question added by aziz urrehman , key account executive , alkhair group of companies foam manufacturing
Date Posted: 2015/03/03
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hari mustipally
by hari mustipally , Analyst at C3i support services. , JETKING

Vouching is the soul of Auditing, because it forms a base for an effective audit procedure. Vouching means “to vouch” i.e. examine the vouchers. On the other hand, Verification means “to verify” the assets and liabilities of the business. 

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