Vouching involves
A) tracking a source document through to the underlying accounting records.
B) agreeing the details of a transaction to supporting evidence outside of the company's accounting records.
C) the application of audit procedures to less than 100 per cent of items within a population.
D) none of the above

Question

Quizplus · Accepted Answer

Vouching involves agreeing the details of a transaction to supporting evidence outside of the company's accounting records. It is a process of auditing where source documents are examined to verify that the amounts recorded in the accounting records are accurate and complete. Option A is called tracing, while option C is sampling.

Vouching Involves