Glossary · Audit Trail
Audit Trail
A dated, ordered record of every action, decision and data change behind a figure, so a reviewer can follow it back to the source file and the person who approved it.
In practice
The trail is only useful if it survives staff turnover. A reviewer should be able to follow a figure to its source file, the factor version and the approver without asking the analyst who built it.
Put the term to work on a real portfolio.
Bring one sector. We will show how audit trail is calculated, graded and recorded, using the files you choose to share.