Culture is consistently seen as culprit amidst continuing risk governance failures among firms, as well as in troubling lapses on the part of the auditors and regulators relied upon to assure market integrity. Culture is thus considered to be a critical governance priority – for private and public entities equally – and particularly so in the financial sector.
Observations
Feb 19, 2024Last week, the Association of Chartered Certified Accountants (ACCA), a Starling Insights partner, published a new report entitled "Risk Cultures and Banking: Where Next?"
Observations
Jan 08, 2024In recent years, a spate of scandals and strategic missteps have exposed governance shortcomings in all of the Big 4 accounting and consulting firms. As reported in the Financial Times, this has prompted increased focus on culture and governance in the audit industry, both among the firms and their regulators.