Vouching Involves

question 14

Multiple Choice

Vouching involves

• A) tracking a source document through to the underlying accounting records.
• B) agreeing the details of a transaction to supporting evidence outside of the company's accounting records.
• C) the application of audit procedures to less than 100 per cent of items within a population.
• D) none of the above

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Definitions:

Scatter Diagram

A graph that uses Cartesian coordinates to display values for typically two variables, showing how much one variable is affected by another.

Linear Relationship

A type of association where changes in a variable predictably correspond to changes in another variable with a constant rate.

Horizontal Axis

The x-axis in a graph or chart, typically representing the independent variable or the scale of time.

Vertical Axis

The y-axis in a chart or graph, which often represents the range of the dependent variable.