Validate definition

What is Validate in Accounting?

In accounting, to validate is to verify that a transaction is correct. For example, an employee time card is examined and approved by a supervisor before it is loaded into the payroll system. Validation is a common control in an accounting system. Auditors will test to see if validation controls are functioning properly, as part of their examine of an organization’s system of internal controls.

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Accounting Controls Guidebook

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