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, #quietquitting, 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 recently in the included video.
- Increase in fraud risk.
- Talent shortage.
- Increased retention and hiring costs.
- Failure of key controls.
- Arbitrary cost cutting.
- Unengaged workforce.
Watch the YouTube video at the bottom of the article for more details, including the questions you should be asking yourself: https://youtu.be/CHP5Hs02dWA
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