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Tick marks are abbreviations and symbols used by auditors to document the work they have performed.
Each firm has its own unique set of tick marks, however, most are common.
Every page or document in an audit file is assigned a page reference. For example, the first page in the
cash section is normally referred to as C, the second page as C1, etc. Page references are red because
they are used to agree numbers on different pages and therefore, have to stand out.
Suppose C is the cash leadsheet and C1 is a bank reconciliation supporting the leadsheet. On the bank
reconciliation, the auditor would mark C to the right of the reconciled balance to indicate that this is
"going to" the leadsheet. On the leadsheet, the auditor would mark C1 to the left of the balance to
indicate that this number is "coming from" the bank reconciliation.
Cash leadsheet
G/L Account 100000 C1 $143,256
Bank Reconciliation
Reconciled balance $143,256 C
Page references for other commonly used sections include accounts receivable (AC or R), inventory
(INV or I), fixed assets (F), accounts payable (L), revenue (REV or R), expense (EXP or X), equity (Q),
etc.
Blue and green are normally used for making comments on a page. For example, on the cash leadsheet,
suppose the prior year balance of petty cash was $500 but the current year balance is $0. After
speaking with the client, you find out that they eliminated their petty cash program and now require all
reimbursements (regardless of how small) to be submitted on employee expense reports. So, the
documentation would look as follows:
Cash leadsheet (C):
G/L Account 125200 $0 Note 1
(at the bottom of the page)
Note 1: Petty cash account. As per client, account was eliminated at beginning of year. All
reimbursements are required to be submitted via employee expense reports. Account is historically
immaterial, therefore, no further work done.
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Other commonly used tick marks include (also in blue or green):
Agrees to prior year PY
Immaterial NM, IM, /M
Calculation agrees or “foots” ^, ✔
Document prepared by client PBC, PC
Document to be include in next year's file CFWD
Error is insignificant (i.e. “small pass”) sp, ie
Agrees to trial balance TB
Sum of items marked 'Note 1' ∑1 = XX
No further work done NFWD
Reviewed by manager/partner ~
Once a document is substantially complete, the auditor will signoff by writing down their initials and
the date in the top righthand corner. This is to indicate that the page can be reviewed. Some audit
software programs allow staff to signoff simply by clicking a button.
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