Literary Warrant for Functional Requirement #12c
This requirement derives from the law, customs, standards and
professional best practices accepted by society and codified in the literature of different professions concerned with records and
recordkeeping. The warrant is as follows:
Citation "Internal Control Structure" Bailey, Larry P. Miller GAAS Guide: A Comprehensive Restatement
of Generally Accepted Auditing Standards . 1995
Pages 7.64
Extract A transaction trail is a chain of documentation that connects an account balance or other summary
results with its related original transactions or calculations.
Citation Bailey, Larry P. Miller GAAS Guide: A Comprehensive Restatement of Generally Accepted
Auditing Standards. 1995
Pages 8.12
Extract Transaction Trails. A transaction trail is a chain of documentation that connects an
account balance or other summary results with its related original transaction or calculations