Your Ask Joey ™ Answer

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.).

Back To All Questions

You might also be interested in...

  • Three Reasons to Become an Accountant

    If you’re someone who is intrigued by numbers, enjoys problem-solving and wants to help others, then accounting might be the perfect career for you. While some people may be put off by its unalluring reputation, accounting is an excellent career choice that has many benefits. In this article, we look at three of the reasons...

  • Qualified Retirement Planning: Tax Advantages & Disadvantages

    Home Advantages and Disadvantages of Tax-Free and Deferred-Tax Retirement Plans What are “qualified retirement plans” and how can they be effective for tax planning? Well, there are plenty of tax savings advantages to individuals contributing to tax-free retirement accounts, as well as tax-deferred retirement accounts. However, this doesn’t necessarily mean that there are no disadvantages...

  • CPA Evolution Survival Guide

    Download Your eBook by selecting the download icon in the top right-hand corner