E-trail
from class: Principles of Finance Definition An e-trail is a digital record of data transactions and communications made through electronic devices. It provides a history of actions that can be used for analysis, auditing, and verification purposes.
congrats on reading the definition of e-trail . now let's actually learn it.
Predict what's on your test 5 Must Know Facts For Your Next Test E-trails are crucial for tracking financial transactions in real-time. They enhance transparency and accountability in financial operations. E-trails are utilized in fraud detection and prevention within financial institutions. Maintaining an accurate e-trail helps in regulatory compliance and reporting. Data from e-trails can be analyzed to improve decision-making and optimize financial strategies. Review Questions How do e-trails contribute to transparency in financial transactions? Why are e-trails important for regulatory compliance in finance? In what ways can e-trails be used to prevent fraud?
"E-trail" also found in:
© 2024 Fiveable Inc. All rights reserved. AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.