Oversight of Corporate Culture
Instructions
Please answer the below question in a summary by viewing the youtube video etc. View the webcast, the Oversight of Corporate Culture, offered by the Anti-Fraud Collaboration. https://www.youtube.com/watch?v=wOzQ1RFOgic&feature=youtu.be What have you learned from viewing this webcast? Discuss why ethical corporate culture is crucial for fraud deterrence and detection.
Answer
Corporate culture entails the perception that people have towards a particular organization. From the video, I appreciated the fact that there is no ideal corporate culture since it is specific to each company. An organization's culture is made up of various components, such as behaviors, norms, beliefs, and values (Youtube, n.d). The behaviors include the organization's mission and vision in addition to the day-to-day standard operating practices. The norms encompass the rules and guidelines which govern operations in the firm while beliefs and values are geared towards the goals and aims of the organization. I also learned that the leadership of a firm needs to develop a corporate culture that offers a conducive working environment and also puts the members ahead in the market. It is vit...
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