Explain the term vouching
Briefly explain the term vouching ?
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Vouching is the procedure of checking the substantiation of the voucher maintain by the management with the respective supporting document.
1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon
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Write down the importance of measuring an internal audit department?
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