Vouching the acquisition of assets is an audit procedure that is often performed to establish the valuation of the assets.

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Vouching is a commonly used audit procedure for verifying the existence, ownership, and valuation of assets. It involves tracing transactions from the financial statements back to the original source documents to ensure their accuracy and completeness. In the case of assets, vouching helps the auditor establish whether they were valued correctly, whether they exist, and whether they are owned by the company being audited.

Vouching the Acquisition of Assets Is an Audit Procedure That