The objective of vouching is:

The correct answer is None of the above.

Key PointsVouching - Vouching is a part of an audit that aims to validate the transactions included in a company's book of accounts and is frequently referred to as "the backbone of auditing."

Important PointsThe objective of vouching are as follows - 

• To examine the accounting transactions recorded in the books of accounts by using  documented evidence 
• To evaluate the reliability and adequacy of such documentary evidence
• To determine whether the transactions listed in the books of account are accurate
• To make certain that every transaction is accurately recorded in the books of accounts
• To ensure that all transactions and entries are backed by reliable evidence
• To guarantee that there are no fictitious transactions recorded in the books of accounts
• To ensure that all business-related transactions are accurately recorded in the books
• To ensure that each transaction has been duly validated by a trustworthy person.

The objective of vouching is to examine the authenticity of the transactions.

Hence, the objective of vouching is not getting knowledge of business transactions or non business transaction.

Mistake Points The answer to this question has been according to the revised answer key released by the official authority.