Which is NOT a feature of an audit trail?

Which is NOT a feature of an audit trail?

• A. Chronological record of asset movements
• B. Tracking changes and approvals
• C. Forecasting asset values
• D. Accountability support

Answer: (C)

An audit trail is a record that captures the sequence of actions around assets, including who performed them, what was done, and when. This supports traceability and accountability by preserving a verifiable history of movements, changes, and approvals. A chronological record of asset movements shows where an asset has been and when it was moved; tracking changes and approvals documents modifications and the necessary sign-offs; and accountability support helps assign responsibility for actions taken. Forecasting asset values, however, aims to estimate future worth and is not about logging actions or proving who did what and when. It belongs to valuation and forecasting activities rather than to the governance and traceability function of an audit trail.

An audit trail is a record that captures the sequence of actions around assets, including who performed them, what was done, and when. This supports traceability and accountability by preserving a verifiable history of movements, changes, and approvals. A chronological record of asset movements shows where an asset has been and when it was moved; tracking changes and approvals documents modifications and the necessary sign-offs; and accountability support helps assign responsibility for actions taken. Forecasting asset values, however, aims to estimate future worth and is not about logging actions or proving who did what and when. It belongs to valuation and forecasting activities rather than to the governance and traceability function of an audit trail.