Understanding the Conversion Audit Records

After you verify the status of the base currency conversion, review the conversion audit records that the conversion generates before you continue with the conversion process.

For internal purposes, verify that the MIS or IT department writes and prints the necessary reports for the company auditors. For external purposes, verify that any legal audit reports contain the information required by the local or national government.

Audit records provide transaction amounts before and after the base currency conversion and the exchange rate used to calculate the new base currency amount. All conversion programs automatically create audit records for each table and write the records to the F0086 table, unless you prevent the system from creating audit records.

The records in the audit table contain the original currency amount, exchange rate, and new base currency amount. This table is the only audit trail for the base currency conversion. Examine the audit table carefully.