As we have chronicled over the past six editions of this Compendium, organizations in the US have long struggled to get a handle on their culture and the conduct such culture engenders. This report focuses primarily on the financial sector. However, it is sometimes helpful to examine case studies from other industries when a company or governmental institution’s culture leads to misconduct and both financial and reputational costs.
Below, we will take a look at the audit sector, which has faced mounting pressure to attend to its culture to improve audit quality and professional conduct outcomes. We will then return to the financial sector, discussing several major themes that have emerged over the past year — to include gender, race, and nationality-based discrimination, continued employee messaging misconduct, and national security concerns — before ending by taking a more general look at some of the largest financial firms in the US and how these culture and conduct issues have impacted them.
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Political ratings are affecting the culture and our people. We are affected by challenging terrains, where government zealots are trying to make their pious impulse footprint.. cmon’ these people need help.