The audit trail concept is basic to the design and audit of an accounting information system.

Question

Quizplus · Accepted Answer

The audit trail concept is fundamental in accounting information systems to track and document all transactions and activities from the initial source to final output. The audit trail helps in ensuring the reliability and accuracy of financial statements and identifying any fraudulent activities. Thus, it is a crucial element in designing and auditing an accounting information system.

The Audit Trail Concept Is Basic to the Design and Audit