The accumulation of source documents and records that allows the organisation to trace accounting entries back to their initiation is the:
A) substantiation record.
B) initialisation procedure.
C) outsourcing code.
D) audit trail.

Question

Quizplus · Accepted Answer

The accumulation of source documents and records that allows the organisation to trace accounting entries back to their initiation is called the audit trail. It is essential for ensuring the accuracy and reliability of financial information and for detecting errors or fraud.

The Accumulation of Source Documents and Records That Allows the Organisation