The main purpose of the chart of accounts is to show all the accounts in the general ledger that the company uses The chart of accounts is a list of accounts showing identifying numbers that have been assigned to each account Yacht 2007 I believe that internal controls and audit trails can be seen as security Having internal controls and an audit trail set up allows a company to know when and who has been the last person in the data base or a tracking system It allows a company to also see who writes or signs off on checks as well Internal controls are a system of people processes and procedures which helps with the company with business risk protects assets and provides efficient operations Audit trails provide documentation and records of all entries It tracks and shows changes that have been made in the system It can track by user name which will allow the company to see who has been in the database and when It can also track any type of changes This is beneficial to a company for security purposes
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