[financial auditing] Vouching is a technical term , which refers to the inspection of documentary evidence supporting and substantiating a transaction, by an auditor. It is the essence of Auditing It is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of...
• (p. pr. & vb. n.) of Vouch
Vouching, widely recognized as ?the backbone of auditing,? is a component of an audit seeking to authenticate the transactions recorded in a firm?s book of accounts. When an accounting transaction is vouched, it is tested and verified by presenting relevant documentary evidence.