- Audit Trail
- A step-by-step record by which accounting data can be traced to their source. The SEC and NYSE will use this method for the explicit reconstruction of trades when there are questions as to the validity or accuracy of an accounting figure.
This is the technique used to track improper market activity. By documenting and analyzing all houses and brokers involved in specific trades, those who follow the audit trail can (hopefully) identify the culprit.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
audit trail — audit ,trail noun count information that is recorded, for example on paper or in a computer, and that proves that events happened in a particular way … Usage of the words and phrases in modern English
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. Bloomberg Financial Dictionary The range of documents, and other evidence including tape recordings, which records all… … Financial and business terms
audit trail — noun : a record of a sequence of events (as actions performed by a computer) from which a history of those events may be reconstructed * * * 1. Accounting. the process or an instance of cross referring each bookkeeping entry to its source in… … Useful english dictionary
Audit trail — An audit trail or audit log is a chronological sequence of audit records, each of which contains evidence directly pertaining to and resulting from the execution of a business process or system function. Audit records typically result from… … Wikipedia
audit trail — UK / US noun [countable] Word forms audit trail : singular audit trail plural audit trails business information that is recorded, for example on paper or in a computer, and that proves that events happened in a particular way … English dictionary
audit trail — An information flow that allows an auditor to trace the evolution of a transaction. The chronological evolution of a transaction originates in its underlying activity (e.g., an inventory movement, or a sale to a customer), and a satisfactory… … Auditor's dictionary
audit trail — Gen Mgt 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… … The ultimate business dictionary
Audit trail — An ISO term. See preferred term Security audit trail … International financial encyclopaedia
audit trail — An automatic feature of certain programs or operating systems that creates a running record of all transactions. An audit trail allows you to track a piece of data from the moment it enters the system to the moment it leaves and to… … Dictionary of networking
audit trail — audito seka statusas Aprobuotas sritis auditas apibrėžtis Informacijos ir duomenų apie institucijų, atsakingų už Europos Sąjungos struktūrinių fondų lėšų, skirtų Lietuvos 2004–2006 metų bendrojo programavimo dokumento priemonėms įgyvendinti,… … Lithuanian dictionary (lietuvių žodynas)