Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 5, Problem 5.8RQ
To determine

Concept Introduction:

Vouching means the checking of transactions from accounting journal and then examining the supporting documents to check the accuracy of the transaction.

Tracing means checking of the source of the document and then check the accuracy of that source in the accounting journal.

The vouching process is the opposite of the tracing process.

To indicate:The difference between vouching and tracing in terms of direction of testing.

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