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What does PBC mean in audit?

PBC means “prepared by client”. The audit team will send the client a request list, which is basically a huge long list of documents that will be needed for the audit team to perform an effective audit.

The client will have to pull together files based on the request list and provide them to the audit team. The audit team classifies those files as “PBC”, and then they get to work on them. The audit team will use the PBC files to perform their audit tests on (controls testing, substantive testing, tick and tie, etc.).

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