UNDERSTANDING AND AUDITING CORPORATE CULTURE: A MATURITY MODEL APPROACH

Description

Corporate culture is increasingly recognised to factor heavily into an organisation’s success, its reputation, the protection of its stakeholders, and the morale of its employees. If internal audit is to help the organisation to grow its maturity in corporate culture and increase its own capabilities in providing culture-related assurance and advisory services, it must be a few steps ahead of the organisation in understanding corporate culture and developing the appropriate audit approaches at varying levels of culture maturity.

This book uses a maturity model to illustrate different levels of corporate governance infrastructure and internal audit function maturity at an organisation and the associated and advisory services. As the third line of defense, internal audit can play a vital role in risk assessment and management by assessing risks, providing assurance and advisory services, offering a point of view on the state of culture, sharing insights, monitoring culture, and validating culture risk mitigation activities.

The book covers:

• The Basics of Culture

• Building the Knowledge Base

• The Maturity Model: Know What’s Then, Now, and Next