What Is an Audit Trail

question 83

Multiple Choice

What is an audit trail?

• A) A log of financial transactions.
• B) A file that records access attempts.
• C) A list of passwords and user names on a network.
• D) A record of hacking attempts.

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Definitions:

Stock Returns

The gain or loss on a stock investment, typically expressed as a percentage, accounting for dividends, price appreciation, and splits.

Earnings Announcement

The public declaration of a company's profitability for a specific period, often impacting its stock price.

Credit Risk

The risk that a lender may not receive the owed principal and interest, leading to disrupted cash flows and increased costs for collections.

Quarterly Cash Flows

The movement of cash into and out of a business over a three-month period, often used to indicate the company's liquidity, efficiency, and financial health.