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Payroll MCQs

The term "audit trail" refers to ______________.

evidence of a sequence of transactions that allows anyone to trace a transaction back through the accounting system

a written ledger of all checks written

the paperwork auditors will request during the annual audit

a report auditors provide post-audit

Answer

Correct Answer: evidence of a sequence of transactions that allows anyone to trace a transaction back through the accounting system

Explanation:

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