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Pawan asked 1 year ago

What is the difference between examination in depth and audit trail?

3 Answers
RaviRavi Staff answered 1 year ago

if vouchers, documents, records, registers are available with the help of which we can trace transaction from start till end, it is called audit trail. we can trace purchases from start till end as given Purchase Requisition Note –> Quotations –> Purchase Order –> Delivery Memo –> Stock Register –> Purchase Invoice –> Purchase Book –> Creditors Ledger–> Payment Approval –> Bank Statement

RaviRavi Staff answered 1 year ago

when we check transaction with the help of documents in audit trail it is called examination indepth

RaviRavi Staff answered 1 year ago

no need to unnecessarily disguinsh terms
collection of documents & register is called audit trail
checking with the help of them is called examination indepth

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