FRC Culture Conference: Developing a mindset of professional scepticism and challenge
23 Jun 2021 1:00pm to 2:15pm
Location: Teams Live
Audit Firm Culture: Challenge. Trust. Transformation.
This session explores the processes and attributes that are key features of a culture that supports an auditor in being able to effectively challenge and exercise professional scepticism when performing audits (‘a culture of challenge’). This session will consider the below questions:
- What does it take to build a culture of challenge within an audit firm?
- What process improvements can an audit firm make to reinforce a culture of challenge and what potentially conflicting drivers of behaviour can damage attempts to create a culture of challenge?
This session will be moderated by David Rule, Executive Director of Supervision at the FRC. The speaker in this session is:
- Professor Karthik Romana, Blavatnik School of Government, University of Oxford
Karthik Ramanna is Professor of Business and Public Policy at the University of Oxford’s Blavatnik School of Government. An expert on business-government relations, sustainable capitalism, and corporate reporting and auditing, Professor Ramanna has studied how organisations build trust with stakeholders and the role of business in designing sensible and responsible “rules of the game”. He has authored dozens of research articles and case studies on non-market strategies in Africa, China, the EU, India, and the US, and he has consulted with several leading business organisations worldwide, including Fidelity, KPMG, McKinsey, PwC, Sonae, and State Street.
Professor Ramanna is director of Oxford’s Master of Public Policy programme. He is faculty chair of the Transformational Leadership Fellowship, a bespoke, by-invitation programme for senior corporate executives considering a second career that can bring their strengths to address broader societal challenges. He also directs the Case Centre on Public Leadership at the Blavatnik School, and he is fellow and member of the finance and investment committees at St John’s College.
Previously, Professor Ramanna taught leadership, corporate governance, and accounting at the Harvard Business School in both the MBA and senior executive-education programs. He has a doctorate from MIT’s Sloan School of Management. He is the author of Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy (University of Chicago Press).
This session forms part of the five day conference on Audit Firm Culture: Challenge. Trust. Transformation. For further details click here.