To ensure your accounting information is accurate,reliable,and useful,the accounting system you choose should easily and efficiently maintain an internal "audit trail".

Question

Quizplus · Accepted Answer

An internal "audit trail" is a record of the transactions in the accounting system that allows for tracking and verification of data, ensuring accuracy, reliability, and usefulness of the accounting information. Therefore, to achieve this, the accounting system should have an internal "audit trail" that can easily and efficiently maintain the record of the transactions.

To Ensure Your Accounting Information Is Accurate,reliable,and Useful,the Accounting System