DISTINCTION BETWEEN VOUCHING AND VERIFICATION

Verification is made on the basis of vouching. So, verification is a part of vouching. Even though they have some
differences which are as follows:

1. Meaning
Verification is the act of checking title, possession and valuation of assets but vouching is the act of checking the records with the help of evidential documents.

2. Nature
Verification is specially related to the assets and liabilities but vouching is related to all the accounting documents.

3. Person
Generally, assistant staff or auditor performs the work of vouching but auditor himself performs the work of verification.

4. Time
Vouching is made at the beginning of auditing but verification is made at the end of auditing or at the time of
checking balance sheet.