Audit Trail
A complete, chronological record of all changes to financial data, documenting who made each change, when it was made, and what was modified.
Key Details
- Essential for regulatory compliance, SOC 2 certification, and financial audits.
- Must be immutable, once recorded, audit trail entries cannot be modified or deleted.
- Enables forensic investigation of discrepancies, fraud detection, and dispute resolution.
- Modern systems capture audit trails automatically at the transaction level, not just at period-end.