Regulatory and supervisory bodies are recognizing that there is value in improving the management of culture and conduct risk for their own organizations.
Thoughts
Mar 30, 2023We are excited to announce the release of Renal Failure, the third in our Deeper Dive series of reports. Just as the kidneys flush out toxins in the human body, the accounting profession, and audit firms specifically, are responsible for catching and removing inaccurate or inappropriate data from financial statements. When either fails, the results can be catastrophic.
Observations
Dec 09, 2022In a recent speech, the UK Financial Conduct Authority's (FCA) Chief Operating Officer, Emily Shepperd, called for a rethink of culture in financial services. "I think of culture as being the personality, habits and ethos of the organisation", she said, adding that culture, and the management thereof, should be "purposeful," and should highlight "sound controls and good governance."
