Understanding Vouching: Definition, Importance, and Best Practices (Updated 2025)
Vouching is a fundamental auditing procedure that involves examining supporting documents to verify the authenticity, accuracy, and completeness of transactions recorded in a company’s financial statements. Auditors inspect source documents—such as invoices, receipts, contracts, bank statements, and purchase orders—to substantiate entries in the books of account. In 2025, as financial reporting grows more complex with










