Vouching is checking the authenticity of recorded transactions. It is proving that the transactions
occurred, they are complete correctly measured and they relate to the correct period if they are
of a revenue or expense nature.
Usage of vouching
•• In very small audits when the number of transactions are not too large.
•• In audits whose internal control is weak or non-existent.
•• In certain types of specialized audits such as that of trusts or estates.
Wilfykil answered the question on April 12, 2019 at 05:50
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