
|
Audit trail
Audit Trail – An historical record of an organizations financial transactions. There is a requirement for all financial transactions in a business to be traceable from beginning to end at any point in the accounting system. The auditor must be able to verify every transaction which is recorded in the company's accounts.
Click Here for a list of leading UK accountants.
Related Terms:
Accountant
Accounts
Back to Business Glossary
|
|