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An audit trail is a chronological record of transactions, activities, and system changes that shows who performed an action, when it occurred, and what was modified.
Audit trails help improve financial accuracy, increase accountability, prevent fraud, support compliance requirements, and make it easier to investigate issues or discrepancies.
Audit trails record all user actions and transaction changes, making it easier to identify unauthorized activities, suspicious transactions, duplicate payments, and unusual approval patterns.
Manual audit trails require users to record activities themselves, while automated audit trails capture and store records automatically, providing greater accuracy, efficiency, and scalability.
Businesses should track financial transactions, user activities, approval workflows, access permission changes, inventory adjustments, customer and vendor updates, and other critical operational changes.
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