audit trail investment & finance definition
- The
papers that validate accounting records. The audit trail shows how financial
numbers and conclusions were developed.
- The record
of trading information that identifies the brokers participating in each
transaction, the firms clearing the trade and its terms, the customers
involved, and the time the transaction occurred.
See audit trail in Wall Street Words
A record of business transactions that can be used by an interested party to trace an organization's activities to original documents. Audit trails are used to verify account balances.
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