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(i) Gathering sufficient evidence using vouching technique
The auditor will examine the vouchers to establish whether:
• They are for the business.
• The items have been authorised.
• The voucher is for the current period.
• The voucher has been recorded.
• The words and figures agree.
(ii) Gathering sufficient evidence using verification technique
The auditor checks the items in the balance sheet for DOVE.
Disclosure - that is whether the assets/items have been properly described in the balance
sheet
Ownership - this is done to ensure that the assets are for the company as per the title
documents.
Value of the asset- This is taken to be the cost of.the asset les depreciation to date to allow
for additions.
Existence-This is ascertained by physical checking of the asset.
Kavungya answered the question on May 14, 2019 at 13:40
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