ITC Asset Management was created to eliminate the accounting data of the ITC AM Company. This company will collect information from various components of the company. It would be able to improve its overall efficiency by having a detailed overview of all the company’s operational activities.
However, with the creation of ITC Asset Management, it will be able to create an audit trail to examine how ITC Asset Management manages its finances. To make the work of the ITC Asset Management easier, it was first called the ITC audit trail. But, to set up the audit trail of the ITC Asset Management, the ITC Asset Management will be using the Electronic Transaction Track and Accounting Data file or ETDAD, which is actually a necessary file that can be maintained by the ITC Asset Management. In fact, it was developed for an International Standards Organization or ISO to help companies prepare their financial records that are protected by strict security standards.
The entire method of how ITC Asset Management managed its finances by using the ETDAD is considered quite convenient. It was developed with the supervision of the ISO Institute of Logistics to provide the details of the company’s operations. Through the ETDAD, ITC Asset Management will be able to study the value of the various assets of the company. It will also be able to estimate the amount of the surplus or the negative balance that was taken by the company.
With the help of the ISO data lock function, the ITC Asset Management can be able to preserve the organization’s financial records. The security of the ITC Asset Management’s asset and the accounting records will be secured by keeping the information in a protected environment that is inaccessible to anyone. But, security is dependent on the needs of the company. If the company is equipped with high-security data lock and other related systems, then the protection of the ITC Asset Management will be further strengthened.
This file is not only convenient for ITC Asset Management but also provides a lot of other facilities to it. For instance, it has an audit trail feature that enables the ITC Asset Management to better study how the company is running its business. With the help of the audit trail feature, the ITC Asset Management will be able to understand the performance of the company. ITC Asset Management can examine the needs of the company and assess its overall efficiency and planning.
The audit trail is an essential file that ITC Asset Management can use to observe how the company is operating. The audit trail makes it possible for ITC Asset Management to determine the operations that have been performed in the past and the progress of the company’s operations as well. By creating the audit trail, the ITC Asset Management will be able to devise methods and guidelines to improve the processes that the company uses.
Through ITC AM use of the Audit Trail, the ITC Asset Management will be able to improve the methods that the company will be used to maintain its operations. The audit trail provides ITC Asset Management with the opportunity to gain a better insight into the company’s operations. The audit trail will enable ITC Asset Management to establish its needs. Through the audit trail, the ITC Asset Management will be able to determine the processes that the company will be using to ensure the timely and accurate collection of its assets and its receivables.
The ITC AM used the audit trail to perform a more in-depth analysis of the company’s operations. The audit trail also provides ITC Asset Management with the opportunity to get a better understanding of the organization’s process.