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The checking of such common records and books which is approved on by the auditor as a substance of routine is known as routine checking…

Routine Checking Regular checking of all the daily transactions is known as Routine Checking. It is the usual monitoring of business accounts, books and ledgers…

Differences between Internal Audit and Statutory Audit An internal audit refers to an ongoing audit function performed within an organization by a separate internal auditing…

Objectives of Vouching Main objective of vouching is to find out the regularity or irregularity of transactions, frauds, and errors. It means to prove an…

Meaning of Vouching Voucher is known as the evidence for the support of a transaction in the books of account. It may be a bill,…

Significance of Vouching Vouching is the act of checking evidential documents to find out errors and frauds and to know the authenticity, accuracy, and reliability…

Ludlamite is a rare phosphate mineral with formula: (Fe, Mn, Mg)3(PO4)2·4H2O. It is a classic phosphate mineral. It is a mineral occurring in small, green,…

Vouching helps to prove the truth and fairness of account by detecting errors and frauds. It is known as the evidence for the support of a…

Loveringite is a rare metallic oxide mineral of the crichtonite group with the chemical formula (Ca, Ce) (Ti, Fe, Cr, Mg)21O38. It is a trigonal-rhombohedral…

Vouching of a cash transaction is the most important job of an auditor. It is the essence of the Auditing. The object of vouching is to…

Concept of Audit of Impersonal Ledger Impersonal ledgers are also called General Ledgers or Nominal Ledgers. Impersonal accounts refer to real accounts and nominal accounts which are related…

“Child Labour” The term “child labour” is often defined as work that deprives children of their childhood, their potential and their dignity, and that is…