The audit procedure "vouch a sample of capital asset additions to supporting vendor invoices" is an example of what audit technique?
A)Analysis
B)Inspection
C)Confirmation
D)Observation

Question

Quizplus · Accepted Answer

The audit procedure of "vouching a sample of capital asset additions to supporting vendor invoices" involves the inspection of vendor invoices to support capital asset additions. This is an example of the inspection audit technique, which involves the examination of documents or records to obtain evidence to support audit assertions.

The Audit Procedure "Vouch a Sample of Capital Asset Additions