tick and tie

Definitions

1. 1

   To make sure that every item in a ledger or in an inventory is accounted for and properly…

   To make sure that every item in a ledger or in an inventory is accounted for and properly connected to other items to which it relates.

   • The leveling diagram can be used as a tick and tie list for the year 2000 team to ensure that no system or piece of hardware that should be fixed is overlooked.
   • Rather than diving into the filing cabinets to tick and tie the paper trail, today's external audits start with a proper understanding of the business and the competitive environment in which a company operates.
   • Auditors do not necessarily tick and tie every single position held in a fund.

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