Audit Trail Definition

In accounting, an audit trail is the set of documents supporting the transactions a business records.

Audit Trail Extended Definition
The source documents for a transaction provide the step-by-step history of that activity or event. The documentation will be essential if there is an audit. An audit trail can also help you maintain accurate records and can work as a deterrent for fraud.

Audit trail items can include receipts, bills of sale, correspondence, invoices, etc. It is important to carefully file these items so they can be easily retrieved if needed.

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Last Updated By

Andrew Freiman | Feb 24, 2023