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What is an audit trail?

What is an audit trail? Here are some definitions.

Noun
  1. A formal record or log of the financial transactions of an organization or system, especially such a computerized record
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Examples
The audit trail links products on market shelves back through each stage of production and handling.
Every document needs to be recorded electronically, and there needs to be a complete audit trail.
Like a conventional crime scene, PCs contain evidence and an audit trail of user activity.
Senders can create a secure audit trail by logging each message with a signature that can be verified post-transaction.
Proper paperwork such as a purchase order has to be presented in order to provide a proper audit trail for all payments going out.
To comply with these new mandates, you must be able to provide a complete audit trail of user activity across all these systems.

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