Organizational Culture: The Key to Reducing Fraud Risk | FVS Eye on Fraud

Introduction

Broadly defined, culture refers to the invisible belief systems, values, and norms that guide individuals' behavior.¹ An organization’s culture, therefore, encompasses the shared values, beliefs, and behaviors that shape the organization, guide its operations, and influence how employees interact with one another and with external stakeholders. Organizational theorist Edgar Schein defined organizational culture as a series of assumptions individuals make about the groups to which they belong