AUDIT TRAIL Definition

Bookmark and Share

AUDIT TRAIL is a step-by-step record by which financial, business, and quality assurance data can be traced to its source. For example: checking the validity of an accounting entry through the step-by-step record by which accounting data can be traced to their source.

Learn new Accounting Terms

COST REDUCTION is actions taken in the present designed to decrease costs in the present. See COST AVOIDANCE.

VARIABLE EXPENSES are those business expenses that usually fluctuate dependent upon production or sales volume. Contrast with FIXED EXPENSES.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.