The most tedious hike on the Pacific Crest Trail. Also, a series of accounting records that allow people to follow how money has been spent.
It may seem relatively obvious where money gets spent. In a large company, though, the way funds get distributed sometimes becomes murky. To keep tabs on everything, a system of documentation is put in place, making sure a paper trail exists that the accountants can follow later. This documentation is known as the audit trail, or sometimes the audit log.
Here's a quick example: you take a flight for a business trip. The audit trail for the flight might be the ticket confirmation, the statement from your company credit card showing the purchased ticket, the approval from your supervisor, and maybe some info about where you were going.
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Finance: What is non-voting stock?4 Views
finance a la shmoop- what is non-voting stock? hmm well it's stock that doesn't
vote. bet you're shocked to hear that. most people need a PhD in finance to [stock wears an "I didn't vote" sticker.
understand that notion. but really that's it in most cases common stock carries
with it the right to vote. and in fact it's the common shareholders who elect
the board of directors. but every now and then a potentially hostile investor
comes along and buys or wants to buy a big chunk of stock in a company. well the
amount might be a block large enough to elect that potentially hostile investor
slate or the group of people that investor wants to place on the board to
represent her evil intentions .when that happens companies will often create a
class of common stock similar in every way to its normal common only with its [stock checklist of privileges listed]
voting rights stripped away .that way the investor can own an economic interest in
the company but not monkey with the board.
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