When the auditor uses tracing as an audit procedure for tests of transactions she is primarily concerned with which audit objective?
A)Occurrence
B)Completeness
C)Cutoff
D)Classification

Question

Quizplus · Accepted Answer

Tracing is a procedure used by auditors to follow a transaction from its origination to its final recording in the financial statements. The primary objective of tracing is to test for completeness - ensuring that all transactions that should be recorded in the financial statements have been recorded.

When the Auditor Uses Tracing as an Audit Procedure for Tests