When the auditor used the audit procedure vouching she is primarily concerned with which of the following assertions?
A) Completeness.
B) Existence.
C) Authorization.
D) Classification.

Question

Quizplus · Accepted Answer

Vouching is a procedure used by auditors to test the existence assertion in financial statements. This involves selecting and examining individual transactions back to their source documents to ensure that they actually occurred and are valid. Therefore, the auditor is primarily concerned with the existence assertion.

When the Auditor Used the Audit Procedure Vouching She Is