Question: Reference identifiers are necessary to provide adequate audit trails for which of the following reasons? All of these are reasons why reference identifiers are necessary.

Reference identifiers are necessary to provide adequate audit trails for which of the following reasons?
All of these are reasons why reference identifiers are necessary.
A reference identifier is unique to each event, account, and document.
The identifier allows an auditor to trace a data item's location to its preceding location.
The reference identifier sets up the processing references for an audit trail.
 Reference identifiers are necessary to provide adequate audit trails for which

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!