Recruiter's Glossary

Examples: Substantive Testing • Audit Committee • Internal Controls

Vouching

Term from Auditing industry explained for recruiters

Vouching is a fundamental checking process used in auditing where accountants verify that financial documents and transactions are legitimate and accurate. It's like being a financial detective - auditors examine original documents (like receipts, invoices, or contracts) to confirm that the numbers in the company's books are correct and truthful. This is one of the most basic and important procedures that auditors perform to prevent fraud and ensure financial statements are reliable.

Examples in Resumes

Performed vouching procedures for over 500 transactions during annual audit

Led team of junior auditors in vouching activities for Fortune 500 client

Implemented improved vouching methodology resulting in 30% time savings

Typical job title: "Auditors"

Also try searching for:

External Auditor Internal Auditor Financial Auditor Audit Associate Audit Senior Compliance Auditor Audit Manager

Where to Find Auditors

Professional Organizations

Online Communities

Job Resources

Example Interview Questions

Senior Level Questions

Q: How would you design a vouching strategy for a large company with multiple subsidiaries?

Expected Answer: A senior auditor should explain their approach to sampling, risk assessment, materiality considerations, and how they would coordinate teams across different locations while maintaining consistent quality control.

Q: Tell me about a time when vouching procedures revealed significant discrepancies. How did you handle it?

Expected Answer: Should demonstrate experience in handling complex issues, communication with clients, documentation of findings, and proper escalation procedures when necessary.

Mid Level Questions

Q: What documentation do you typically request when vouching fixed asset purchases?

Expected Answer: Should mention purchase orders, invoices, payment proof, authorization forms, and capital expenditure approvals, showing understanding of the complete documentation trail.

Q: How do you determine appropriate sample sizes for vouching?

Expected Answer: Should explain basic sampling methods, risk factors considered, and how materiality affects sample size decisions.

Junior Level Questions

Q: What are the basic steps in vouching a purchase transaction?

Expected Answer: Should explain checking purchase order, receiving report, invoice, and payment documentation to verify accuracy and authenticity of transaction.

Q: What red flags might you look for when vouching expenses?

Expected Answer: Should identify basic warning signs like missing documentation, unusual amounts, unauthorized signatures, or irregular timing of transactions.