Audit trails play a crucial role in a business for several reasons:
1. Compliance: They help businesses comply with regulatory requirements, such as those imposed by the Sarbanes-Oxley Act or the General Data Protection Regulation (GDPR). 2. Fraud Detection and Prevention: By maintaining a detailed record of activities and transactions, audit trails can help identify and prevent fraudulent activities. 3. Operational Efficiency: They provide insights into operational inefficiencies, allowing businesses to streamline processes and improve performance. 4. Security: Audit trails enhance security by recording user activities, which can be useful in identifying unauthorized access or security breaches.