audit trail
Definition
Paper or 'electronic' trail that gives a step by step documented history of a transaction. It enables an examiner to trace the financial data from general ledger to the source document (invoice, receipt, voucher, etc.). The presence of a reliable and easy to follow audit trail is an indicator of good internal controls instituted by a firm, and forms the basis of objectivity.
audit trail is in the Accounting & Auditing and Quality Control & Management subjects.
audit trail appears in the definitions of the following terms:
fiscal records,
source document,
traceability,
paper trail,
tracer,
journal voucher,
log file,
accounting concepts,
journaling,
journal entry
and
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