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Home > QFINANCE Dictionary > Definition of audit trail

Definition of

audit trail

Accounting

record of steps in transaction the records of all the sequential stages of a transaction. An audit trail may trace the process of a purchase, a sale, a customer complaint, or the supply of goods. Tracing what happened at each stage through the records can be a useful method of problem solving. In financial markets, audit trails may be used to ensure fairness and accuracy on the part of the dealers.

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audit trail - Related Articles

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Definitions of ’audit trail’ and meaning of ’audit trail’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’audit trail’ and other financial terms with our online QFINANCE Financial Dictionary.

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