Ultimately, is the purpose of an audit trail to follow a transaction from its input through its

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Ultimately, is the purpose of an audit trail to follow a transaction from its input through its processing and finally to the financial statements or vice versa? Explain your answer.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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