Which type of audit typically examines transactions for correctness?

A transactions audit specifically focuses on examining individual transactions to ensure their accuracy, validity, and proper documentation. This type of audit analyzes the details of financial transactions, including their amounts, descriptions, dates, and various supporting documents, to verify that they have been recorded correctly in the financial records.

In the context of auditing, different types serve various purposes. A compliance audit is concerned with whether an entity adheres to specified rules or regulations, rather than the correctness of transactions. An operational audit evaluates the efficiency and effectiveness of operations but does not solely focus on transaction accuracy. A financial audit, while encompassing a broader review of financial statements and adherence to accounting standards, also does not drill down specifically into the accuracy of each transaction like a transactions audit does.

Thus, the transactions audit stands out as the most relevant choice when the aim is to meticulously check for the correctness of individual transactions.