FRC publishes a summary of its recent culture conference

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16 Aug, 2021

The Financial Reporting Council (FRC) has published a summary from its recent culture conference, held in June, which explored the link between audit firm culture and audit quality.

The conference summary is comprised of five sections which mirror the five virtual sessions at the conference:

  • Building an audit firm culture that supports high quality audit;
  • The role of the audit committee;
  • The importance of a culture of challenge;
  • Embedding and measuring organisational culture; and
  • Audit firm culture, audit quality and the role of the regulator.

press release, the conference summary, and a recording of all five sessions, are available on the FRC Website.

On the 2nd December 2021, the FRC released a Collection of Perspectives which explores these matters.

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