Question

What are the importance of vouching?​

Answer 1

Answer:

Vouching Is The Backbone Of Auditing

Main aim of auditing is to detect errors and frauds for proving the true and fairness of results presented by income statement and balance sheet. Vouching is only the way of detecting all sorts of errors and planned frauds. So, it is the backbone of auditing.

Answer 2

Vouching is only the one way detecting all sorts of errors and planned frauds.

Hope it's help you