Approval Log
An approval log is a record that documents the process and outcomes of approvals for activities within an organization, such as financial transactions, policy changes, or compliance procedures. This log helps track which actions were approved, who approved them, and when the approvals took place. Approval logs are often maintained for audit purposes, providing transparency and accountability.
In a compliance context, an approval log helps ensure that decisions adhere to internal protocols and regulatory standards, reducing the risk of unauthorized actions and potential legal exposure.