Quality Management: Performing a Root Cause Analysis

Overview

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

Highlights

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).

Designed For

Sole proprietors of audit and assurance firms

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

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.

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.