Audit Firm Culture and Conduct
Published: 23 February 2024
1 minute read
We undertake review work to assess and monitor various aspects of audit culture at the firms, including ethical conduct matters, with a specific focus on the behaviours and mindset that correlate to high-quality audit.
| Name | What Makes a Good Environment for Speak-Up and Internal Challenge |
|---|---|
| Publication date | 7 May 2024 |
| Notes | A good environment for effective challenge and speaking up is imperative in facilitating audit quality and high standards of ethical conduct within audit firms. Having a good speak-up culture underpins the purpose of serving the public interest and maintaining trust in the profession by supporting wider ethical behaviour, whilst also promoting audit quality. This publication sets out the key elements of a good speak-up workplace culture and highlights considerations and good practice for each of these elements. |
| Format | PDF, 406.9 KB |
| Name | What Makes a Good Environment for Auditor Scepticism and Challenge |
| Publication date | 23 November 2022 |
| Notes | The FRC conducted a thematic review setting out the key attributes of a high-quality audit environment that enable professional scepticism and challenge in an audit. This paper includes good practice identified from our supervisory work. |
| Format | PDF, 1.2 MB |
| Name | Review of What Makes a Good Environment for Auditor Scepticism and Challenge by Karthik Ramanna |
| Publication date | 23 November 2022 |
| Notes | A commentary on FRC’s thematic review on auditor scepticism and challenge by Karthik Ramanna, a professor of business and public policy at the University of Oxford’s Blavatnik School of Government. |
| Format | PDF, 192.6 KB |
| Name | Audit Firm Culture Report |
| Publication date | 21 November 2022 |
| Type | Report |
| Notes | The FRC commissioned independent research agency BritainThinks to conduct research on audit firm culture to support its thematic review on auditor scepticism and challenge. |
| Format | PDF, 860.6 KB |
| Name | Culture Conference - Collection of Perspectives |
| Publication date | 2 December 2021 |
| Type | Report |
| Notes | The FRC held a virtual conference on audit firm culture in June 2021. This Collection of Perspectives collates a number of essays written by academics, audit firms, directors, regulators and culture experts, on the themes discussed at the conference. |
| Format | PDF, 2.3 MB |