What is an Audit Trail?
An audit trail is a record that tracks the sequence of activities and changes made to a particular system or process. It serves as a means of verifying the integrity of the system or process and can be used to detect errors, fraud, or other irregularities. Audit trails are commonly used in financial and medical industries to ensure compliance with regulations and to provide accountability.
For example, in the financial industry, an audit trail may be used to track the movement of funds between accounts to ensure that all transactions are legitimate and accounted for. In the medical industry, an audit trail may be used to track changes made to a patient's medical records to ensure that the records are accurate and complete.
Overall, an audit trail is an essential tool for ensuring the accuracy, security, and compliance of various systems and processes.
Looking for a better way to run your service business?
Copilot’s product suite gives businesses an all-in-one solution for client management, messaging, payments, file-sharing, contracts, forms, help desks, and more. Additionally, Copilot enables businesses to offer their clients a unified experience with a branded client portal. To give Copilot a try you can start a free 14-day trial here.