Source documents are essential for recording transactions accurately and proving their legitimacy, particularly in audits.
Source documents play a crucial role in accurately recording transactions and providing evidence of their legitimacy. They create a paper trail that is vital in cases of audits to verify the transactions and ensure compliance with regulations and standards.
Documenting transactions through source documents is not just a formality but a necessary practice for quality assurance, protecting firms from litigation, and facilitating access to international markets.
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