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When the auditor uses tracing as an audit procedure for tests of transactions she is primarily...

When the auditor uses tracing as an audit procedure for tests of transactions she is primarily concerned with which audit objective?

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Answer #1

Tracing is used as an audit procedure for test of transactions. It is a process of finding a transaction recorded in books of accounts from the source documents. It is used by the auditors for verifying and ensuring that the transactions were recorded properly.
The audit objective which the auditor is primarily concerned when he uses tracing as an audit procedure for test of transactions is occurence or completeness.

Occurence gives the auditor a view that the events and transactions which have been recorded have been actually occurred and it is related to the entity.

Completeness gives the auditor a view that all the events and transactions which are to be recorded has been properly recorded and also all the related disclosures that are required to be disclosed has been made in the financial statements.

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