Verification

Verification is the process of confirming that information, calculations, procedures, models, or outputs have been produced correctly according to predefined specifications or established requirements. While Validation asks whether something is appropriate for its intended purpose, Verification asks whether it has been performed accurately.

Within business environments, Verification may involve checking calculations, confirming data accuracy, reviewing financial statements, auditing analytical models, validating software functionality, verifying regulatory compliance, or ensuring that research procedures have been executed correctly.

Verification should be systematic, documented, and repeatable. It reduces operational errors and increases confidence that business information accurately reflects the underlying evidence.

Although Verification improves quality, it does not guarantee that the underlying assumptions or strategic conclusions are correct.