audit trail

(redirected from documentation trail)
Also found in: Dictionary, Medical, Encyclopedia.

Audit trail

Resolves the validity of an accounting entry by a step-by-step record by which accounting data can be traced to their source.

Audit Trail

A record of the transactions in a trade from the beginning to the end. The SEC and the NYSE use the audit trail when investigating irregularities and potential trading violations.

audit trail

A record of business transactions that can be used by an interested party to trace an organization's activities to original documents. Audit trails are used to verify account balances.

audit trail

a trail of primary documents such as INVOICES, and LEDGER entries, for example sales ledger records, which are used to identify how ACCOUNTING records have been kept. By selecting a sample of primary documents and ledger entries an AUDITOR can check the completeness and accuracy of a firm's accounting system.
References in periodicals archive ?
Transcat Calibration Services' proprietary Cal-Trak Internet-based technology will provide usable Six Sigma Performance Data, password protected, real-time instrument tracking services on-line, a paperless documentation trail, and other benefits to all DuPont sites and remote locations.
ProductCenter will provide a complete and thorough documentation trail of the sequence of events for a particular research project linked to final test results, enabling users to more easily research previous missions.
The end result is a thorough analysis and verifiable electronic documentation trail.
Full browser ?