Auditing the Culture of a Changed Workforce Article
Field: Auditing | Delivery Method: Self Study | CPE Hours: 0.25
Auditing the Culture of a Changed Workforce
by Jason Mefford
It's probably no surprise to you that the workforce and culture in organizations has changed significantly in the last two years.
Terms like the great resignation, quiet quitting, return to work, inflation, worker disenchantment, and wage increase pressure are now common place in media and what people are talking about.
Anytime large cultural changes happen in society, they have an impact and create risks for organizations. When the external context changes, the internal context and #culture in organizations changes too.
So, how does internal audit assess, adjust and audit these cultural changes?
What are questions you should be asking yourself so you can adjust your audit plan for the rest of this year and for the coming year?
Here are some of the topics you should be considering and questions you should be asking that I shared in an Audit Discussion on cRisk Academy®.
- Increase in fraud risk.
- Talent shortage.
- Increased retention and hiring costs.
- Failure of key controls.
- Arbitrary cost cutting.
- Unengaged workforce.
Watch the Audit Discussion video here:
https://criskacademy.teachable.com/p/auditing-the-culture-of-a-changed-workforce1
Additional Resources:
Navigating Culture and Organizational Politics
https://ondemand.criskacademy.com/p/navigating-culture-and-organizational-politics
Auditing Culture in a Time of Crisis
https://ondemand.criskacademy.com/p/auditing-culture-in-a-time-of-crisis
Tactics and Courage to Appraise Corporate Culture
https://ondemand.criskacademy.com/p/tactics-and-courage-to-appraise-corporate-culture
Aligning ERM and Internal Audit With Your Corporate/Risk Culture
https://ondemand.criskacademy.com/p/aligning-erm-and-internal-audit-with-your-corporate-risk-culture
Converging Ethics, Governance, and Culture
https://ondemand.criskacademy.com/p/converging-ethics-governance-and-culture
Looking in the Mirror: What About Internal Audit’s Own Culture?
https://internalaudit360.com/looking-in-the-mirror-what-about-internal-audits-own-culture/
Culture Audits: Three Tips to Assessing Your Corporate Culture
https://www.auditboard.com/blog/culture-audits-3-tips-for-assessing-your-corporate-culture/
Four Ways Auditing Will Change in the ‘New Normal’
https://www.workiva.com/uk/blog/four-ways-auditing-will-change-new-normal
Auditing culture: Making the intangible, tangible and auditable
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© 2022 Jason Mefford, and published with author permission. The opinions expressed here are solely those of the author and do not represent the opinions of the cRisk Academy®.
Your Instructor
Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives (CAE), Audit Committee (AC) members, and professionals in audit, risk and compliance with the technical and soft-skills needed to navigate the land mines of organizations. He takes complicated, confusing and hard things, makes them practical, proactive and simple to improve learning and transformation.
He's been a Chief Audit Executive, Chief Risk Officer, Chief Ethics and Compliance Officer, Chief Information Security Officer, Board Member, and has trained and consulted organizations all over the world. He is a thought leader in all things governance, risk and compliance (GRC) and internal audit, and is the recipient of multiple awards including:
- Rising Star in Corporate Governance from Yale University
- Rising Star in Corporate Governance Award (Finalist) from Corporate Secretary Magazine
- Thought Leader of the Year (Finalist) from The National Association of Experts, Writers & Speakers
- Fellow from the Open Compliance & Ethics Group (OCEG) Think Tank
You can learn more about him at: https://www.jasonmefford.com and join him in the Audit Leader Forum™ at: https://bit.ly/AuditLeader