Auditors usually vouch purchases and sales of investments by examining brokers'
advices and evidence of appropriate approval. Purchases and sales of non-current
investments, for example, should be vouched to authorizations in the minutes of directors'
meetings.

Question

Quizplus · Accepted Answer

This statement accurately describes the auditing procedure for vouching purchases and sales of investments.

Auditors Usually Vouch Purchases and Sales of Investments by Examining