Weak organizational cultures are widely considered to be one of the primary causes of the global financial crisis that struck a decade ago. As a result, maintaining a strong risk culture has become a top priority for all major businesses today—as well as an expectation by their stakeholders, regulators and customers.
Business leaders are looking to the internal audit function to assess not only tone and conduct at the top of the organization, but also how and if this conduct is reflected throughout the business.
This article addresses what executives had to say in the 13th edition of Protiviti’s
Internal Auditing Around the World series regarding cultural audits and creating "tone at the top."