Vouching- A Splendid Jewel of Auditing

Abstract

Vouching is evaluating all the fact based cues i.e invoices, bills, minute records, wage sheet, counterfoils to see whether all the recording in books of accounts are bona-fide or not. Vouching is such a panoramic concept of auditing which meddle with every material thing, as it is done for Cash book, purchase book, sales book, sales return book, debtors ledger, Creditor ledger etc. This paper is regarding what is vouching? , why to resort to vouching is material? , how routine checking and vouching is not same. This paper also tell about what to do & what not to do by the auditor while vouching? The information contained in this paper is collected from different websites and from already published research papers. A special thanks to researchers who already contributed to this study. In today’s era where malfunctions are booming day by day there is need to chop such activities, so that we can get fructiferous consequence of auditing. And solution to this is ‘VOUCHING’ which is splendid Jewel of auditing.