A substantive test in an audit to check that the underlying records correctly show the nature of transactions entered into by the business being audited.

Accounting dictionary. 2014.

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  • vouching — vouch‧ing [ˈvaʊtʆɪŋ] noun [uncountable] ACCOUNTING the act of checking all the vouchers and other documents, such as invoice S, that prove that a company s accounts are correct * * * vouching UK US /ˈvaʊtʃɪŋ/ noun [U] ACCOUNTING ► in an audit …   Financial and business terms

  • vouching-in — A procedural device used in common law by which a defendant notifies another, not presently a party to a lawsuit, that if a plaintiff is successful, the defendant will seek indemnity from that individual. Dictionary from West s Encyclopedia of… …   Law dictionary

  • vouching — vouch·ing n: an impermissible practice by a prosecutor of placing the prestige of the government behind its witness or otherwise insinuating to the jury that the prosecutor offers personal assurance of the witness s veracity Merriam Webster’s… …   Law dictionary

  • vouching–in — n: a common law procedural device in which a defendant named in a lawsuit notifies another that he or she will look to the other for indemnity of an adverse judgment and that the other will be bound by the judgment if he or she refuses to come… …   Law dictionary

  • vouching — vbl. n. see vouch v …   Useful english dictionary

  • Vouching — Vouch Vouch, v. t. [imp. & p. p. {Vouched}; p. pr. & vb. n. {Vouching}.] [OE. vouchen, OF. vochier to call, fr. L. vocare to call, fr. vox, vocis, voice. See {Voice}, and cf. {Avouch}.] [1913 Webster] 1. To call; to summon. [Obs.] [1913 Webster]… …   The Collaborative International Dictionary of English

  • vouching-in — Common law procedural device whereby person against whom action is brought may give notice of suit to third party who is liable over to him with respect to matter sued upon, and third party thereafter will be bound by decision in appropriate… …   Black's law dictionary

  • vouching — vaÊŠtʃ v. attest, confirm; guarantee, answer for; prove, substantiate …   English contemporary dictionary

  • vouching in — The practice whereby persons liable over to a defendant are brought into the action as parties of record having opportunity to defend. 30A Am J Rev ed Judgm § 417. Requesting one bound by a covenant of warranty to defend the title …   Ballentine's law dictionary

  • Vouching to warranty — Term for the process under which sellers of goods were required to provide assurances that their wares had been acquired honestly, thus protecting buyers against criminal charges should the goods prove to have been stolen. Cf. Team …   Dictionary of Medieval Terms and Phrases

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