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FRC announces virtual ‘audit culture’ conference

According to the FRC, the conference will 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 Financial Reporting Council (FRC) has announced it will be holding an international virtual conference in June entitled Audit Firm Culture: Challenge. Trust. Transformation. 

According to the FRC, the conference will 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 comprise a week of lunchtime sessions, involving speakers and panel debates. There will be leading academics, directors, regulators, standard setters and culture change experts. 

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The speakers will be discussing topics ranging from the link between audit quality and audit firm culture, developing an auditor’s mindset of professional scepticism and challenge, the role of the audit committee, how to assess and measure culture, and the role of the regulator in supervising culture. 

The conference will consist of five lunchtime virtual webinars (21 June 2021 – 25 June 2021) with the group stating that it will be of interest to audit professionals, audit committee chairs, academics, international regulators, culture change experts, directors, and other stakeholders. 

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