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Unformatted text preview: employee It's also possible when using a computer accounting system to delete revenue transactions. So without the internal controls and audit trails a company would be out of money and not even know about it. The audit trail tracks record transactions, miscellaneous actions, and system functions. Some of these are voiding checks and paychecks, making payments in Cash manager and Payment Manager, and adding and editing records or transactions. In the miscellaneous actions some area it keeps track of are reconciling accounts, maintained payroll tax tables, and importing data in to the company. Finally in the system functions it keeps track of posting and unposting journals, closing the fiscal year, and closing the payroll tax year....
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This document was uploaded on 05/13/2011.
- Spring '11