Q.State any two factors an auditor should consider while vouching a transaction.

Vouching-factor questions are testing the auditor's actual checklist when examining any voucher.

Factors an auditor should consider while vouching (illustrative, any two required):

1. Date — the voucher's date should fall within, or reasonably relate to, the accounting period under audit.
2. Name of the business — the voucher should be made out in the name of the entity being audited, not a third party (a voucher in someone else's name suggests the expense does not genuinely belong to this business).
3. Amount — the amount stated on the voucher must agree exactly with the amount recorded in the books.
4. Authorisation — the voucher should bear proper sanction/approval by a person competent to authorise that class of transaction. …

A frequent gap is naming factors relevant to ROUTINE CHECKING (like correct casting/carry-forward) instead of the substantive VOUCHING-specific factors (authorisat …