Question

what is test checking and discuss its advantages​

Answer 1

Test checking in Audit means checking a few transactions selected at random from a large number of transactions. It is also known as “Selective Verification” or “Sampling Process“.

⠀⠀⠀⠀⠀ Advantages

1) Reduces Volume of Work: The work of an auditor is reduced considerable as he checks only few transactions, extra time available can be utilised for concentrating on areas of considerable importance.

2)The test checking is useful for saving in labour. A lot of work requires many clerks for completing the audit.