Meaning of “verification of assets” in the English Dictionary

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"verification of assets" in Business English

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verification of assetsnoun [ U ]

uk us ACCOUNTING

the process of checking and calculating the value of a person's or company's assets, for example as part of an audit (= examination by outside accountants):

No independent verification of assets, liabilities, or income was made during the audit.

(Definition of “verification of assets” from the Cambridge Business English Dictionary © Cambridge University Press)