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    2. Barrons Dictionary»
    3. "bait records"»

    Definition of "bait records"

    Dictionary of Accounting Terms: "bait records"
    "bait records"

    internal control device. Bait or dummy records may be in computer files so the auditor can see when these files are improperly used. Example: a nonexistent customer or inventory item with an assumed balance that should not be altered. Another example: a dummy record put into processing with an incorrect name and address file for an employee. When a mailing occurs, it will be returned.

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