Audit Quality - Root Cause Analysis

17 July 2024

Webinar: 10:00 AM - 12:00 PM BST

OBJECTIVES
ISQM 1 (the IAASB’s international quality management standard) requires that Root Cause Analysis (RCA) is performed whenever a deficiency is identified in the monitoring activities (eg cold file reviews). But do you really understand how to undertake a root cause analysis and drive quality improvements in your audits?

KEY TOPICS

• What root cause analysis (RCA) is.
• When RCA is required.
• What is a finding and what is a deficiency.
• How to undertake RCAAsking “Why, why, why?”.
• Considering category of problems identified.
• Identifying solutions to the root causes.
• Recording and tracking implementation of solutions.
• Examples to illustrate the process.

WHO SHOULD ATTEND
Audit partners and managers, in particular:

• Those with responsibilities for monitoring quality within the System of Quality Management for audit and those who are expecting to undertake or supervise root cause analysis.
• The person with ultimate responsibility for the system of Quality Management for audit, which is the most senior person in the practice.
• Those carrying out cold file reviews who wish also to be able to conduct root cause analysis.
• Partners in other areas of the business with a responsibility for quality will also find the course useful.

For more information visit the members only intranet here.