FRC Culture Conference - Session 3: Developing a mindset of professional scepticism and challenge
19 May 2021
The Financial Reporting Council (FRC) will be hosting an international conference in June entitled Audit Firm Culture: Challenge. Trust. Transformation
to explore the link between audit firm culture and audit quality with the objective of accelerating the pace of change for cultural transformation in the audit profession. The conference will consist of five lunchtime webinars (Monday 21 June – Friday 25 June) with a range of leading speakers and panellists.
The third session, Developing a mindset of professional scepticism and challenge
, will take place on Wednesday 23 June 2021 13:00 to 14:15
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 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).