This document provides an overview of understanding and assessing corporate culture. It defines culture and discusses how corporate cultures form and evolve over time based on the values and behaviors rewarded within the organization. The document also discusses the importance of both employees and auditors understanding the corporate culture in order to be successful. It provides examples of how corporate cultures can become ineffective if they do not adapt to changes in the environment. Finally, it discusses dimensions that can be used to analyze and observe a corporate culture.