Audit trails can be used to verify that transactions are being done correctly and honestly, with as few steps as possible. An audit trail includes the steps required to start a transaction and bring it to completion. An example of this would be to audit a vendor invoice. An audit trail is a trail that documents the history of transactions within a company. It can be electronic or paper based. While audit trails are typically created to allow an auditor to trace the financial data from a company's general ledger to the source document (invoice, receipt, voucher, etc.) and view the full process of a given transaction, audit trails are not purely for financial transactions. They can be used to track the steps of onboarding new employees or follow the path from the creation of an NDA to eventual approval by those on the team who sign off. Whatever the method, a clear [...]