How can I watch the audit trail?

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Audit Trail is a number of documents that support access to the diary or a business transaction recorded in the company's main book. Accountants or auditors monitor the trail of documents to prove that accounting records are current, valid and relevant. In order to follow the audit trails, the accountant must identify the transaction, check the support documents and ensure that each account in the magazine record is correct. Computer accounting software adds another layer to this process. There is often an electronic stamp that identifies which individual has sent to the main book. Some transactions - for example, transactions including cash, receivables and stocks - may be more susceptible to fraud or abuse. The auditor deals with these transactions and follows the audit trail that describes the purpose and intention of the transaction in detail. The trail allows audits to see if the record is valid. Errors in mathematical calculations can also be discovered during this process.

Obtaining a transaction is the next step. The auditors must attract the original paperwork to the related transaction and check the individual documents. This allows auditors to determine the date, type and purpose of the transaction. The purpose of this review is accountants who, after transactions to the incorrect accounting period, are often the purpose. Other mistakes may also be present during this part of the audit trail.

As soon as the accountant is reviewed, they will look at the company's main book and other accounting books. The auditors check the exact numbers and correct book accounts to ensure the correct information about the documents. If a detailed calculation was necessary to record the magazine, the auditors recalculate the information to ensure accuracy. Extremely detatransactions ILED may require auditors to talk to the accountant who published the transaction. This individual would have initial documents for the magazine item within the audit process.

ElekTronic accounting systems provide another layer of audit process. Most computer accounting systems provide a record of the image for who has published or edited the record in the company's main book. The data contains name, data, time, description and other information depending on the system. Auditors can apply for the company's electronic book, check these audit records and source transactions from this data. Auditors can easily follow the audit trail when companies have this electronic, unjustable audit record.