The Cheat Sheet

Workpaper References Standards Tickmarks

Area Description Tickmark Definition

A1 Quality Control (GAAP Checklist, RAS)  Footed

A2 Summary Review Memorandum and all
attachments (SAD, overall analytical and
closing conference agendas)
A3 Audited Financial Statements  Crossfooted
A4 Trial Balance
A5 Summary of Proposed Adjustments W Amount below scope; pass
on further procedures
A6 General Audit Procedures
A7 Other Documents (Rep letter, legal letters Cx Calculated by E&Y
board of director minutes)
A8 Planning
A9 Management Letter Rx Recalculated by E&Y
A10 Confirmation Control
PY Agreed to prior year
workpapers
B Systems documentation
C Cash PBC Prepared by client
E Accounts receivable
EE Accounts receivable confirmations
F Inventory
FF Physical inventory observation
G Prepaids and other assets
J Other assets
H Investments
I Intercompany
J Intangible assets
K Property, plant, and equipment
N Accounts payable
O Income taxes
P Accrued liabilities
Q Debt
S Commitments and Contingencies
T Equity
U Revenues and expenses
 Self-Review Checklist

Prior to giving an audit area/ workpaper you completed to someone else to

review, you should perform a brief self-review of your own work. The follow
are a list of “memory joggers” to help you look for things you may have
missed.

1. Did you sign-off on all workpapers you prepared.

2. Are all tickmarks defined?
3. Are the appropriate items referenced?
4. Did you double check all you cross-references?
5. Are the appropriate amounts footed and/or crossfooted?
6. Did you re-read you tickmark explanations to be sure they will make
sense to other readers?
7. Did you check your spelling and punctuation in all tickmark
explanations?
8. Are all differences above posting scope posted to the summary of
proposed adjustments? (i.e. A5)
9. If the client prepared the workpaper, did you mark "PBC" on the
workpaper?
10. Did you double check that you audited all amounts over scope? (as
defined in the audit program)
11. Did you prepare an open items/ to-do list for this section?
12. If applicable, did you make an object in AWS for any management
letter comments noted in this section?
13. Did you organize your workpapers and ensure they are in order?
14. If applicable, did you note on the preceding and succeeding workpaper
if a particular workpaper was not used? (e.g. "C2 not used")
15. Did you sign-off on the applicable worksteps in AWS?
16. Did you associate your documents in AWS to the appropriate
worksteps?