An accounting audit trail strikes at the underlying conditions -- fraud, data incompleteness and missing information -- that breed inaccurate financial reporting. By giving corporate auditors fodder ...

While the Internal Revenue Service has made progress in implementing a solution to its audit trail deficiencies, it still needs to strengthen its controls, according to a new report. Processing ...

Journal entries are, according to the Journal of Accountancy, highly susceptible to management override and fraud. The most frequent, says the Journal, are manual override entries involving fictitious ...

The SEC recently adopted new recordkeeping requirements for broker-dealers and “SBS entities” (security-based swap dealers and major security based swap participants). Most notably, the SEC will no ...

Consensus says that the Securities and Exchange Commission’s approval of a rule creating a consolidated audit trail — CAT — is imminent. The rule will likely come before the end of the quarter but ...

Ahmedabad: In a landmark order with wide-ranging implications for corporate compliance, the Registrar of Companies (RoC), Ahmedabad, has imposed a penalty of Rs 3.5 lakh on a company and its promoter ...

A record of transactions in an information system that provides verification of the activity of the system. The simplest audit trail is the transaction itself. If a person's salary is increased, the ...