Audit Trail - Query
This query is : Resolved
sankar ponnan
(Querist)
29 March 2022
Sir / Mam
Audit Trail means what?
Is it Compulsory from 01-04-2022?
Plz explain me
Thanks in adv
Audit Trail means what?
Is it Compulsory from 01-04-2022?
Plz explain me
Thanks in adv
CA R SEETHARAMAN
(Expert)
29 March 2022
An audit trail is a date and time-stamped, sequential record of the history and details around a financial transaction, work event, product development phase, or financial ledger entry.
Yes, it's compulsory from 1st April 2022.
The ministry of corporate affairs has issued a notification making it mandatory for the companies to record audit trail of each and every financial transaction done on their accounting software.
Yes, it's compulsory from 1st April 2022.
The ministry of corporate affairs has issued a notification making it mandatory for the companies to record audit trail of each and every financial transaction done on their accounting software.
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