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A transactions or probity audit is designed specifically to uncover any instances of fraud by focusing on the details of specific transactions and utilizing substantive testing techniques. Substantive tests are procedures that assess the accuracy and completeness of financial information, including checks for anomalies, discrepancies, and any signs of fraudulent activity.

In this type of audit, the auditor examines financial records and related documents thoroughly, assessing their validity and reliability. By emphasizing substantive testing, the audit can directly evaluate whether transactions that have been recorded in the financial statements are indeed real and accurately reflect the operations of the organization.

Other types of audits, such as compliance or tax audits, may not concentrate solely on identifying fraud through such detailed transaction analysis. Compliance audits typically ensure adherence to laws and regulations without focusing primarily on fraud detection, while tax audits are aimed at verifying tax compliance rather than investigating fraud specifically. Consequently, a transactions or probity audit is the most appropriate category when the primary goal is to detect fraud through substantive tests.