Which of the following tasks are facilitated by maintaining a strong and secure audit trail?
A)Tracing a transaction from original source document to the general ledger to a report.
B)Tracing an item in a report back through the general ledger to the original source document.
C)Tracing changes in general ledger accounts from beginning to ending balances.
D)All of the above are facilitated by the audit trail.

Question

Quizplus · Accepted Answer

All of the tasks mentioned, which include tracing transactions from source documents to reports, tracing items in reports back to source documents through the general ledger, and tracing changes in general ledger accounts, are facilitated by maintaining a strong and secure audit trail. The audit trail provides a clear and transparent record of all financial transactions, making it easier to reconcile accounts and identify errors or fraudulent activity.

Which of the Following Tasks Are Facilitated by Maintaining a Strong