audit trail

audit trail definition - finance
  1. The papers that validate accounting records. The audit trail shows how financial numbers and conclusions were developed.
  2. The record of trading information that identifies the brokers participating in each transaction, the firms clearing the trade and its terms, the customers involved, and the time the transaction occurred.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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