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Answer the following questions:      1. What is an audit trailand why is it important in...Answer...

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Accounting

Answer the following questions:

      1. What is an audit trailand why is it important in accounting?
      2. There are several types ofcorporations. If you were to start your own business andincorporate; discuss what type of corporation you would want tobe.
            Explainwhy.

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4.2 Ratings (793 Votes)
Answer 1 Meaning of audit trail Audit trial also called audit log can be either a paper or electronically based trial that provides documented history of a transaction within a companyAn audit trial is the evidencesuch as purchase orders and invoices that a financial transaction actually occurredthis is a security relevant chronological record set of records that provide documentary    See Answer
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Transcribed Image Text

In: AccountingAnswer the following questions:      1. What is an audit trailand why is it important in...Answer the following questions:      1. What is an audit trailand why is it important in accounting?      2. There are several types ofcorporations. If you were to start your own business andincorporate; discuss what type of corporation you would want tobe.            Explainwhy.

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