____is to examine the correctness and authenticity of transactions recover is books of prime entry
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The examination of correctness is Vouching
- The process is the core of auditing.
- The responsibility of the auditor to vouch for the accuracy of the transactions listed in the books of accounts is a crucial one.
- It explains how to properly examine the paperwork demonstrating and backing up a transaction.
- Further, it helps to -
- Ascertain the truth of the account
- Find out errors ad defects
- Determine Unrecorded Transactions
- Examine the correctness and authorization of entries
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