Techniques of Vouching

Techniques of Vouching

1. Correct Accounts
The auditor can check the accounts debited and credited are correct in all respects. The rules of debit and credit can be followed for dividing the transactions into accounts.

2. Agreements
The auditor must examine the agreements, correspondence and other papers relating to business activities. Such agreement provides basic information to the auditor. He can vouch the transactions based on such agreements.

3. By-Laws
The memorandum and articles of association are rules and regulations in case to company. The by-laws of societies and clubs and used to determine management power. The auditor has the right to go through these rules and regulation.

4. Mortgage Deeds
The management may enter into agreement with any party for the purpose and sale of assets. The deed or agreement is prepared. In case of loan against immoavable property mortgage deed is signed. The content of deed must be situated.

5. Minutes Book
The auditor should examine the minute’s book. The resolution and decision of directors and shareholder are recorded there. He can see that such decision have been implemented in the books of accounts.