Root Cause Analysis For Internal Auditors

This course will provide you with some of the key root cause analysis tools and techniques that can be utilized in the planning, fieldwork, and reporting phases of an internal audit - in order to enhance audit effectiveness, strengthen audit observations reported, and facilitate deeper discussions with management on issues identified.

These tools can be used apart from or in conjunction with existing audit methodologies, tools, and techniques. You will have the opportunity to practice and apply the skills learned during the course through a case study and exercises, which should enable you to integrate the tools and techniques into your audit engagement activities.

Objectives:

Upon completion of the course, participants would be able to:

• Identify the purpose, importance, and key terms of root cause analysis.
• Identify the relevant IPPF Standards and related root cause analysis Implementation Guidance.
• Identify the importance of process documentation and understanding it as the groundwork for effective root cause analysis, utilizing the process profile worksheet.
• Identify measures of success and trigger events as key elements in root cause analysis.
• Apply root cause analysis concepts, tools, techniques, skills, and templates within an audit setting.
• Explain how root cause analysis can be used to ignificantly enhance reporting of audit results.