In 175 words or more What is the definition of an audit trail? As a bookkeeper, while doing your investigation into the issue presented in the discussion prompt above, would an audit trail be relevant in this situation? why or why not?
An audit trail (also called audit log) is a security-relevant chronological record, set of records, and/or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, or event.
Audit trail has been well known concept for several decades especially in the field of accounting. In its essence the term audit trail boils down to the logs which describe the workings of the system. With these logs it becomes possible to audit the system, in other words to verify that everything has gone as intended. Furthermore it is possible to reconstruct the state of the system at the certain point in the past based on the audit trail
In simple terms it is a documentation of various activities from the inception of any transaction to the completion of any transaction.
For example, a for a sales transaction the audit trail will have the documentation as follows – Bids received for the goods, evaluation reports, selection reports, goods delivered documentation, buyers confirmation of goods received, payment request sent from an organization, payment received in the bank statement.
The study of audit trails suggests that frauds are abnormalities in the normal operation of the organization and thus they can be detected by searching for anomalies in the audit trail.
For a bookkeeper the audit trail will be important below for below mentioned purposes
Audit trail is useful for the below transactions.
Fraud Prevention
Payroll and Human Resources
Audits
Loan and Investor Documents
Source Documents
In 175 words or more What is the definition of an audit trail? As a bookkeeper,...
Discussion week 2.docx Discussion ( minimum of 175 words) with one reference The regulation of nursing practice is delineated within each state's nurse practice act. Nurses are responsible for knowing and understanding how their practice is regulated by the state in which they are licensed. A nurse who practices beyond their state's legal definition of nursing is subject to disciplinary action by the regulatory agency. What should a nurse do if requested to perform a duty that is beyond the...
Conduct research beyond the textbook to provide a clear definition of biodiversity in your own words. Identify why maintaining biodiversity is important to concept of sustainability. Explain why maintaining or supporting biodiversity is important to a business. (please note that the concept of "Deep Ecology" may also be relevant to this discussion) Provide links to your sources where possible.
Conduct research beyond the textbook to provide a clear definition of biodiversity in your own words. Identify why maintaining biodiversity is important to concept of sustainability. Explain why maintaining or supporting biodiversity is important to a business. (please note that the concept of "Deep Ecology" may also be relevant to this discussion) Provide links to your sources where possible. Please type response.
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