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Oversees accountant in shelter - it's a cultural thing (6)

Ross

I believe the answer is:

racial

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'shelter it's a cultural thing' is the definition.
I can't judge whether this definition defines the answer.

'oversees accountant in' is the wordplay.
'oversees' becomes 'rial' (I can't justify this - if you can you should believe this answer much more).
'accountant' becomes 'ac'.
'in' is an insertion indicator.
'rial' placed around 'ac' is 'RACIAL'.

Can you help me to learn more?

(Other definitions for racial that I've seen before include "Pertaining to ethnic groups" , "folk" , "Relating to differences between nationalities" , "Relating to distinctive human group" , "Of particular people or colour, as with prejudice" .)

I've seen this clue in The Irish Times.
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