Quest

ion6

Whyi
stheaudi
ttr
ail
impor
tant
?

Response:
Audi
ttr
ail
impor
tantsi
mpl
y

becausei
tal
l
owsy
out
otr
aceanent
ryf
rom i
ts

sour
cet
oit
sdest
inat
ion.
Thi
spr
eventt
her
isk

off
raudbypr
ovi
ngt
hev
ali
dit
yofa

t
ransanct
iont
hroughat
rai
lofdocument
sthat

ensur
eanaccount
ingt
ransanct
ion.
lI
fyoul
ost

t
ransanct
ionsanaudi
ttr
ail
wil
lhel
pyout
o

t
rackdownt
ransanct
ion.
Audi
ttr
ail
alsohel
ps

t
hebusi
nessi
nmaki
ngdeci
sionsespeci
all
yin

r
econci
l
ingaccount
s,pl
anni
ngabusi
ness

budgetandmosti
mpor
tant
lyi
nmanagi
ng

r
isks.

Edi
t