Tick Marks

Term from Auditing industry explained for recruiters

Tick marks are special symbols or notes that auditors use when reviewing financial documents and records. They're like a checklist system that helps keep track of what's been checked and what was found. Think of them as the auditor's own shorthand language - similar to how teachers use red marks to grade papers. When someone mentions tick marks on their resume, it usually means they have experience in detailed document review and following standard auditing procedures. This is a fundamental skill in auditing, similar to how accountants use spreadsheets or lawyers use case citations.

Examples in Resumes

Developed standardized Tick Mark system for team of 15 auditors to improve consistency

Applied Tick Marks in reviewing 200+ financial statements for compliance

Trained junior auditors in proper Tick Mark usage and documentation standards

Typical job title: "Auditors"

Also try searching for:

External Auditor Internal Auditor Financial Auditor Compliance Auditor Audit Associate Senior Auditor Audit Manager

Example Interview Questions

Senior Level Questions

Q: How would you design a tick mark system for a large audit team?

Expected Answer: A senior auditor should discuss standardization, clarity, efficiency, training requirements, and how to ensure consistency across different team members. They should mention documentation and quality control measures.

Q: How do you ensure tick marks are properly documented and referenced in audit papers?

Expected Answer: Should explain the importance of clear legends, cross-referencing, and maintaining an audit trail. Should discuss review procedures and quality control measures.

Mid Level Questions

Q: What are the most common tick marks you use and why?

Expected Answer: Should be able to describe standard tick marks for verification, testing, recalculation, and exceptions. Should explain when and why specific marks are used.

Q: How do you handle exceptions when using tick marks?

Expected Answer: Should explain how to document exceptions, follow-up procedures, and communication with team members and clients about findings.

Junior Level Questions

Q: What is the purpose of using tick marks in auditing?

Expected Answer: Should explain that tick marks help track what's been reviewed, show the type of work performed, and provide a clear audit trail for others to follow.

Q: How do you maintain a tick mark legend?

Expected Answer: Should describe how to create and maintain a clear legend that explains what each tick mark means and how to keep it consistent throughout the audit.

Experience Level Indicators

Junior (0-2 years)

  • Basic tick mark usage and documentation
  • Understanding of standard audit procedures
  • Following established tick mark legends
  • Basic workpaper documentation

Mid (2-5 years)

  • Creating custom tick marks for specific situations
  • Training others in tick mark usage
  • Managing complex audit documentation
  • Quality review of others' tick mark usage

Senior (5+ years)

  • Designing firm-wide tick mark systems
  • Implementing documentation standards
  • Managing large audit teams
  • Quality control oversight

Red Flags to Watch For

  • Inconsistent use of tick marks across work papers
  • Unable to explain basic audit documentation procedures
  • Lack of attention to detail in documentation
  • Poor understanding of audit trail importance