Thread Options
#28243 - 08/16/02 09:13 PM Standard format for Tickmarks
MackenzieS Offline
Diamond Poster
MackenzieS
Joined: Jul 2002
Posts: 1,722
Oklahoma
Does anyone have a standard format for using tickmarks in their audits that they would be willing to share? I have been reviewing some of our past audits and a tickmark may mean one thing in one audit and another thing in another audit.

Return to Top
Audit
#28244 - 08/20/02 04:18 PM Re: Standard format for Tickmarks
RVFlyboy Offline
Power Poster
RVFlyboy
Joined: Oct 2000
Posts: 5,920
Soaring over Georgia
When I was an audit manager I never had a problem with the fact that tickmarks might be inconsistent from audit to audit. What I didn't want to see was inconsistency within the same audit. We required that one of the initial workpapers in the file be a legend of standard tickmarks and their meaning. Any additional tickmarks used on a particular workpaper had to have a legend on that workpaper explaining the tickmark. Some pretty basic ones you probably don't want to deviate from - for example a check mark means everything is OK and an X means there is a problem. Although you could reverse those by use of a proper legend, to do so would be very confusing for anyone reviewing the file, so would probably not be recommended.
_________________________
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions

Return to Top
#28245 - 08/21/02 04:03 PM Re: Standard format for Tickmarks
ahou Offline
Power Poster
ahou
Joined: Aug 2002
Posts: 3,094
Here's a few tic marks:
T = traced to ___ (fill in the blank)
V = violation of law
A = agrees with ___ (fill in the blank - example: agrees with audit calculation)
check mark = in compliance OR no error
X = error (you should specify error type)
_________________________
Opinions are my own and not of my employer.

Return to Top
#28246 - 08/27/02 12:43 PM Re: Standard format for Tickmarks
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
I also use a color coding system:
Black = facts
Red = violation
Green = questions to ask
Blue = responses

If you couldn't figure this out, this comes from the days of the 4 color Bic pen.
_________________________
David Dickinson
http://www.bankerscompliance.com

Return to Top

Moderator:  Andy_Z