Audit Trail
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General Concepts
An audit trail is a chronological record of all changes, calculations, and decisions made in the lease accounting process. It provides the evidence auditors need to verify that lease balances are complete, accurate, and in compliance with applicable standards.
Why it matters
Lease accounting involves significant judgment. classification decisions, discount rate selection, lease term assessments, and modification treatments. Auditors must be able to trace every balance sheet number back through the calculation to the source document and the judgment applied. Spreadsheet-based processes rarely provide adequate audit trails.
Purpose-built financial platforms with comprehensive security controls maintain immutable audit logs that capture every change, calculation, and approval decision for auditor review.
How Arvexi handles this
Arvexi maintains an append-only audit log that records every change to lease data, every calculation, and every approval decision. The audit trail is immutable. database triggers prevent deletion or modification. Auditors can access the complete history through the dedicated auditor portal.
Arvexi's Account Reconciliation module maintains the same rigorous audit trail for every balance sheet reconciliation, capturing preparer actions, reviewer sign-offs, AI-applied tick marks, and reconciling item resolution history.
Explore how Arvexi automates this: Document Intelligence · Lease Accounting · Lease Review