MUMBAI, India, June 27 -- Intellectual Property India has published a patent application (202341088545 A) filed by Pranav B Raj, Thiruvalla, Kerala, on Dec. 24, 2023, for 'machine learning design for realtime vouching for sales in auditing.'
Inventor(s) include Pranav B Raj.
The application for the patent was published on June 27, under issue no. 26/2025.
According to the abstract released by the Intellectual Property India: "Auditing is an important activity that ensures reliability, completeness, and accuracy of financial statement. Vouching is the crust of auditing that enables the auditor to verify supporting documents to validate the existence and accuracy of each transaction. Following model shows a design for integrating Machine learning to vouching procedure for sales transactions that enables a Realtime comparison of amounts, quantity among different documents and enables recalculation of respective accounts on basis of evidence to reconcile with ERP transactions."
Disclaimer: Curated by HT Syndication.
