Scribd
Upload
285 views2 pages

Audit Tickmark and Symbol Guide

This document provides a legend of tickmarks and abbreviations that may be found in audit workpapers. It lists tickmarks such as "A" for agrees to, "F" for footed with no material exceptions, and "C" for crossfooted with no material exceptions. It also lists common abbreviations like "PBC" for prepared by client, "TB" for trial balance, "G/L" for general ledger, and "PY" for prior year. Auditors should use red tickmarks and sum amounts with numbers or capital letters, tickmarking with lower case letters.

Uploaded by

mrlskz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
285 views2 pages

Audit Tickmark and Symbol Guide

This document provides a legend of tickmarks and abbreviations that may be found in audit workpapers. It lists tickmarks such as "A" for agrees to, "F" for footed with no material exceptions, and "C" for crossfooted with no material exceptions. It also lists common abbreviations like "PBC" for prepared by client, "TB" for trial balance, "G/L" for general ledger, and "PY" for prior year. Auditors should use red tickmarks and sum amounts with numbers or capital letters, tickmarking with lower case letters.

Uploaded by

mrlskz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Tickmark and Abbreviation Legend

These tickmarks can be found on the Add-In ribbon in Microsoft Excel or Word 2007. If you don’t see
the tickmark toolbar, click the “red check on the sheet of paper” icon. Note that since Engagement
places a picture of the tickmark in the cell in Excel (which makes them more time consuming to delete),
sometimes the auditor will simply type in a cell next to the amount instead (i for immaterial, for
example) or use the tickmark tab in the worksheet. If you forget the meaning of the symbols below, roll
your mouse over the Engagement tickmark toolbar – the descriptions should pop up.

Note: Generally speaking, you will sum amounts with numbers or capital letters and tickmark with
lower case letters, except for the symbols below. Your tickmarks should be in red.

Agrees to (ex. supporting invoice means “agrees to supporting invoice”)

Agrees to general ledger

Agrees to prior year

Footed with no material exceptions (added the column of numbers and it agreed to the total,
used to tickmark a client’s workpaper, not an MLR workpaper)

Crossfooted with no material exceptions (added the row of numbers and it agreed to the total,
used to tickmark a client’s workpaper, not an MLR workpaper)
Abbreviations you may see in audit workpapers:

PBC Prepared by client (ex. The depreciation schedule was a PBC report.); All workpapers included in
the audit file that were provided by the client should be marked with a PBC on the first page.

PB… ex. PB Bank means “prepared by bank;” PB Trustee (prepared by Trustee); etc.

F/ S Financial statements

TB Trial balance

G/ L General ledger

PY Prior year (ex. The balance agreed to PY.)

CY Current year

Σ Sum of (ex. Σ1 = $1,200 means “sum of 1s = $1,200”)

O/ S Outstanding (ex. O/ Schecklist means “outstanding checklist”)

DIT Deposit-in-transit

A/ R Accounts receivable

A/ P Accounts payable

w/ o/ e Without exception (ex. The A/ Rsubledger agreed to the G/ Lw/ o/ e).

You might also like