2023 Organizational Culture and Ethics Report

How is the culture in your organization? Has your internal audit team ever assessed culture?

Culture is a critical factor in organizational success: a sustainable competitive advantage within an organization’s control — or a company’s biggest risk.

An AuditBoard survey of more than 350 internal audit leaders across industries found that 68% of respondents identified executive behavior as the top indicator of culture risk. Despite the major risk that executive conduct is seen to pose, 37% of organizations do not formally assess culture.

Coauthored by Richard Chambers and Cynthia Cooper, the report examines the current state of culture drivers and key risks today, why culture has remained on the back burner at many organizations, and ways internal audit can rise to the challenge of assessing culture.