1. In your own words, kindly explain the Audit Trail, its importance in AIS and give...

  

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1. In your own words, kindly explain the Audit Trail, its importance in AIS and give an example of a complete audit trail in your personal life setting. 2. What are the types of files in a system and define each. 3. Differentiate batch processing and real-time processing. Explain the advantages and disadvantages of using batch processing in cash-recording transactions. 4. Explain the different coding schemes and the importance of such in the audit trail concept. 1. In your own words, kindly explain the Audit Trail, its importance in AIS and give an example of a complete audit trail in your personal life setting. 2. What are the types of files in a system and define each. 3. Differentiate batch processing and real-time processing. Explain the advantages and disadvantages of using batch processing in cash-recording transactions. 4. Explain the different coding schemes and the importance of such in the audit trail concept.

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Audit Trail in AIS An audit trail is a chronological record that documents the sequence of activities or transactions within a system In the context of an Accounting Information System AIS an audit tr... View the full answer