The auditor traces items from the source documents to the journals in order to satisfy the:
A) completeness objective.
B) ownership objective.
C) valuation objective.
D) existence objective.

Question

Quizplus · Accepted Answer

Tracing items from source documents to the journals helps ensure that all transactions that occurred are recorded, thus satisfying the completeness objective. It's a way to verify that all items that should have been included in the financial records have indeed been included.

The Auditor Traces Items from the Source Documents to the Journals