Trace and chiral anomalies in QED and their underlying theory interpretation

Parametrizing the possible underlying theory or new physics' decoupling effects in the most general way we reexamined the validity of canonical trace relation and chiral symmetry in certain one-loop two-point functions. The anomalies and the relation between chiral and trace Ward identities are investigated and interpreted in the perspective of a complete underlying theory or new physics instead of regularization, with some new phenomena found as by-products.