IIA Offers Global Thought Leadership on Auditing Culture
New white paper addresses challenges, opportunities for internal auditors
ALTAMONTE SPRINGS, Fla. (Feb. 17, 2016) — High-profile business scandals across the globe in 2015, from alleged corruption within FIFA to Volkswagen’s much reported emission’s scheme, have put a spotlight on how wayward corporate cultures can contribute to tangible negative outcomes.
A new report, Auditing Culture — A Hard Look at the Soft Stuff, makes the case that internal audit can enhance its value to an organization by auditing culture and provides a comprehensive look how it can be accomplished.
The report includes a list of considerations for heads of internal audit who are contemplating auditing culture, from seeking out tools available to gauge organizational culture, to training and compliance concerns.
It also lists six important steps in preparation for auditing culture including leveraging available resources; reviewing employee engagement surveys or similar tools; and securing support of the board, audit committee, and executive management.
“Given the overwhelming importance of culture to organizational success, a company’s failure to audit it on a consistent, continuous basis sends a clear — and likely unwelcome — message to stakeholders about its values and priorities,” the report concludes.
The report is part of the Global Perspectives and Insights series, which looks at key issues and challenges facing the profession and offers insights and direction on how best to address them.
The report is available in eight languages, including English, Chinese, Spanish, and Arabic, to members through The IIA’s national Institutes in more than 100 countries and territories around the world as well as through its global website.