The Open Forward Balance Update function in both General Ledger and Equipment Control need an audit log to easily determine when the last update was performed. Changes in personnel and procedures leave too many opportunities for these important functions to be overlooked. An audit log would be a quick way to confirm that records are up to date and correct.
Company | COMANCO |
Job Title / Role | Staff Accountant |
I need it... | Yesterday...Come on already |
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An additional reason why audit logs are so important is they enhance accountability and security within the system. Having a detailed record of all the actions taken provides a clear accountability trail, ensuring any discrepancies or errors can be traced back to their source. This not only helps in identifying and resolving issues promptly but also acts as a deterrent against unauthorized or improper actions, thereby improving the overall security and integrity of the system.