The Importance of the Audit Trail for the Stabilization of the Economy

Abstract

Implementing innovative reforms in companies is crucial for the country's economic development and stabilization, which will lead to sustainable and high-speed growth of the economy. To improve the functional system of audit companies, based on sharing the best practices from foreign countries, attention is paid to the development of such a mechanism of improvement that ensures the optimization of management processes. It is important to remember that the earlier the gradual transformation begins, the higher are the chances of establishing a place in the progressive business world. Gradual transformation should start by ensuring its transparency. The types of audit trails that help improve internal control and data security are analyzed. The advantages and disadvantages of audit trails are shown. Audit trails provide financial information essential to the smooth running of a business.