Earlier this month, the US Public Company Accounting Oversight Board (PCAOB) released a staff report on audit firm culture, offering insight into how auditors can ensure their culture is supportive of good professional conduct and audit quality.
"Culture is crucial at audit firms, since it lays the foundation for the work auditors perform in our capital markets," said PCAOB Chair Erica Y. Williams. "Audit firm leaders can and should leverage the insights in our staff report to double down on their efforts to create cultures that reward integrity, accountability, and strong performance of audit work."
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