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Define What an Audit Trail Is and What It Does

question 12

Essay

Define what an audit trail is and what it does. Give two examples of numbers that should NOT be used as identifiers.


Definitions:

Nonwrongful Dissociation

This term refers to a situation where a partner leaves a partnership in accordance with the terms of the partnership agreement and/or applicable law, without incurring liability for wrongful dissociation.

Member

An individual who has been admitted to membership in a particular group, organization, or category.

LLC

Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Damages

A monetary compensation awarded to a person as restitution for loss or injury caused by the unlawful acts or negligence of another party.

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