The financial statement tie-out is a slang phrase used by audit teams to refer to the process of agreeing every single number in the company's financial statements (10-K,10-Q, or annual report) back to the audit workpapers .
31 мая 2023 г. · A financial statement tie-out means making sure that the numbers in the financial statements, like a 10-Q, agree with the numbers in the audit. |
What is tie out meaning in accounting? It means your have supporting documentation for the amounts on the balance sheet. |
17 окт. 2015 г. · The tie-out is just to vet all the work we auditors did so that we're comfortable nothing has changed on the statements, or that we were working ... How long does it take to do a FS tie out? : r/Big4 - Reddit the actual worst audit procedures are : r/Accounting - Reddit Другие результаты с сайта www.reddit.com |
What does it mean to “tick and tie” the financial statements? www.universalcpareview.com › Questions
Basically, someone on the audit team would agree or “tie” each number in the financial statements back to the audit workpapers. |
Videolar Slang; in auditing, to check source documents to ensure that the statements on the balance sheet are correct. |
30 мая 2024 г. · Financial Statement Tie out is a border control point to confirm if all balances on which audit opinion is expressed are subject to testing. |
8 янв. 2024 г. · The first step in tying out retained earnings is to identify any discrepancies between the retained earnings balance reported at the end of the ... |
17 февр. 2014 г. · "Tie-out" is a reference to the underlying detailed work papers that support a given number that is being disclosed. |
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