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audit of vouching

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(Querist)
22 May 2008 audit of vouching is compulsory n every firm
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CA. Vineet Grover

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CA. Vineet Grover (Expert)
23 May 2008 Hi Vikas,

Vouching is getting out-dated now a days.

Auditors are more focus on the deviation in the figures as compared with the last year. Further, ledger scrutiny is more essential than vouchinh.

But vouching is very important. ONe must do on a sample basis.

Rgds/
Vineet
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R.V.RAO

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R.V.RAO (Expert)
23 May 2008 AS PER ICAI NORMS FOR ANY AUDIT,VOUCHING IS AN ESSENTIAL PART.
SAMPLE VOUCHING OR DETAILED VOUCHING IS A MATTER OF AUDITOR'S COMFORT.
R.V.RAO
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