Tie Out

Tie Out

Slang; in auditing, to check source documents to ensure that the statements on the balance sheet are correct (or to check the balance sheet against the source documents). In other words, to tie out means to implement the means of auditing the accuracy of documents.
References in periodicals archive ?
There is no single, auditable means of reconciling daily trade activity -- or understanding where the breaks are in the process," explains Michele Carlo, Product Manager for the Trade Date Tie Out service.