UK Accounting Glossary
A substantive test in an audit to check that the underlying records correctly show the nature of transactions entering into by the business being audited.
Vouching is a substantive test in an audit used to check that the underlying records correctly show the nature of transactions entered into by the business being audited.
Many ventures may encounter vouching problems in financing, while credit- vouching operation is an effective approach to solve it.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Vouching are sourced/syndicated from:
This glossary post was last updated: 4th May 2019.