In field 17 of Figure 10-5, Audit Data Standards includes a record of who approved the journal entry. Why do you think the external auditor might be interested in this field? Why do you think he or she might also be interested in who modified a journal entry (field 19 of Figure 10-5) and on what date (field 20 of Figure 10-5)?

Data from in Figure 10-5

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Field Number Field Name 1 Journal ID 2 3 43 5 6 7 00 8 Journal ID Line Number JE Header Description JE Line Description Source Business Unit Code Effective Data Fiscal Year Data Type Length TEXT 100 TEXT TEXT TEXT TEXT TEXT DATE TEXT 100 256 256 25 25 Description Identifier that is unique for each journal entry. May require concatenation of multiple fields. Identifier that is unique for each line within a journal entry. Description of the entire journal entry as described by the journal entry header. Description of the Individual line within the journal entry. Posting source (code for source form which the journal entry originated. such as sales journal, cash receipts, Journal, general Journal, payroll journal, accountant manual entry. spreadsheet, and so on). Used to identify the business unit, region, branch, and so on, at the level that financial statements are being audited and for which the trial balance is generated. The date of the journal entry, no matter what date the entry is received or entered. Fiscal year in which Effective Date occurs- YYYY for delimited, CCY- MM-DD fiscal year end (ISO 8601)