Regularly valued his tutor Daniel’s record (5,5)
I believe the answer is:
audit trail
'record' is the definition.
(I have seen 'Record of transactions' mean 'audit trail' so perhaps 'record' could also mean 'audit trail')
'regularly valued his tutor daniel's' is the wordplay.
'regularly' means one should take alternating letters (regularly take one letter, leave next etc.).
'valued'+'his'+'tutor'+'daniel'='valuedhistutordaniel'
The alternate letters of 'valuedhistutordaniel' are 'AUDIT TRAIL'.
(Other definitions for audit trail that I've seen before include "Record of changes" , "Record of transactions" , "Administrative record" .)