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Verification of financial statements is an essential part of financial auditing that involves thoroughly reviewing a company's financial records to ensure accuracy, reliability, and compliance with legal and regulatory requirements. This process typically includes examining balance sheets, income statements, cash flow statements, and other supporting documents to verify that they have been prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).

The verification process aims to identify any errors, omissions, or instances of fraud that could distort the financial position of the company. It also helps to assess whether the financial statements fairly represent the company's performance and financial condition. For stakeholders such as investors, lenders, regulators, and management, verified financial statements provide assurance of the company’s transparency and integrity. Accurate verification is crucial for informed decision-making, building trust, and maintaining a company’s reputation in the financial markets