Description

Root cause analysis is a powerful tool for understanding why quality issues arise, and for preventing them from recurring.

This webcast examines the principles and objectives of a root cause analysis and how it aligns with SQMS No. 1’s focus on continual improvement.

Learn practical approaches for:

- Identifying underlying causes of findings and deficiencies

- Evaluating contributing factors

- Implementing meaningful corrective actions

We’ll also explore how this process can help firms of all sizes to:

- Enhance audit quality

- Strengthen remediation activities

- Foster a culture of proactive problem-solving

Instructor: Mike Brand,Joe Lynch,Jeanne Dee

Target Audience

· Sole proprietors of audit and assurance firms

· Responsible partners and staff at small- and medium-sized audit and assurance firms

Course Objectives

· Apply the requirements of SQMS No. 1 applicable to monitoring and remediation.

· Determine the purpose and key features of a root cause analysis.

· Analyze the steps in a proper root cause analysis.

· Apply the requirements of SQMS No. 1 and the root cause analysis process to example findings.

Subjects

· Broad discussion of root cause analysis, including what a root cause analysis is, how it works, and why it is understood to be an effective tool

· The requirements of SQMS No. 1 (QM section 10) regarding root cause analysis

· Applying the discussed steps of a proper root cause analysis in a real-world scenario

· Documentation considerations for root cause analysis

Prerequisites

'- General understanding of the participant’s firm’s system of quality management. - Familiarity with SQMS No. 1 (QM section 10).