tick and tie

English

Verb

tick and tie (third-person singular simple present ticks and ties, present participle ticking and tying, simple past and past participle ticked and tied)

1. (accounting) 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.
   • 1997, James Edward Keogh, Solving the Year 2000 Problem, page 131:

     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.

   • 2003, Mary Pat McCarthy, Tim Flynn, Risk From the CEO and Board Perspective, page 22:

     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.

   • 2012, Jason A. Scharfman, Private Equity Operational Due Diligence, page 239:

     Auditors do not necessarily tick and tie every single position held in a fund.