Tai Chi your audit

Tai Chi your audit

Auditors have been asked to go back to basics and think about whether doubt and trust are absolute concepts!

THE ACCOUNTING PRACTICES BOARD recently published its guide to professional scepticism.

Auditors must think about their heritage into the profession including the origins of the word sceptic – derived from the Greek word skepsis meaning examination or inquiry into.

Not only that but it seems as though Chinese philosophy or even Bruce Lee may have been channelled by the APB which wrote… “Neither doubt nor trust need be absolute. Each has expression in different degrees.

“Uncertainty lies between them and absolute trust (belief) and absolute distrust
(disbelief) are at their extremes. Doubt, trust and uncertainty are passive concepts –
states of mind.”

TS was suddenly left with the urge to participate in a spot of Tai Chi to centre ourselves through deep breathing and meditation.

Share

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2y Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2y Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

5y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2y Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article