Which Statement Below Is True with Regards to an Audit

question 99

Multiple Choice

Which statement below is true with regards to an audit trail?

• A)An audit trail begins with the general journal.
• B)An audit trail provides the means to check the accuracy and validity of ledger postings.
• C)An audit trail is a summary of recorded transactions.
• D)An audit trail is automatically created in every computer-based information system.

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Definitions:

Trial Preparation

The process of planning and organizing evidence, legal arguments, and strategy by legal professionals ahead of a trial.

Confidential Information

Any information, often of a proprietary or private nature, that is not to be shared with unauthorized individuals or entities.

Attorney-Client Privilege

A legal rule that protects communications between a client and their attorney from being disclosed to third parties.

Forever

A term indicating an infinite or unspecified period of time; endless duration.