Audit Trail
An audit trail is a date and time-stamped sequential record of the history and details around a financial transaction, work event, product development phase, or financial ledger entry. Different fields will have audit trails that exist in different forms to capture their unique areas of focus, but the overarching theme and purpose of the audit trail is to track a sequence of events and actions in chronological order. Specific to the healthcare industry, an audit trail is an electronic record that tracks access to a patient’s medical information and updates made therein. In the financial sector, institutions like the SEC and NYSE will use an audit trail to uncover and review detailed information on trades when there are any questions about the accuracy or validity of trade data.[1]
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