Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

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Note: We’re skipping Footnotes next Friday to unveil a surprise. Footnotes will return as scheduled on November 24. 

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Big 4

People over profits: ‘Don’t promote leaders unable to manage, develop staff’ [Australian Financial Review]
The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm. Former sex discrimination commissioner Elizabeth Broderick also told the ongoing Senate inquiry into consultants that “most professional services firms have a culture of long working hours” because of their time-based billing systems. “The area where I see a lot of overlap is in lack of psychological safety… [Dr Switkowski] pointed to a number of areas where people, if they’d felt safe to speak out, some of these issues might not have ended up where they did,” she said during…

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