Practical Application of Key Root Cause Analysis Techniques – Save the Date!

Tapahtuman kuvaus

Building on the one-day introduction to RCA, this new one-day course helps guide audit teams on how they can apply RCA key techniques in practice.

The IIA Glibal Internal Audit Standards (GIAS) requires that Internal Auditors implement a methodology for Root Cause Analysis (RCA) as part of their documented audit methodology. It also requires that they report root causes and best practices to senior leaders and the board/audit committee.

Building on the one-day introduction to RCA, this new one-day course helps guide audit teams on how they can apply RCA key techniques in practice.

Who should attend?

Auditors and Senior Auditors (for themselves)
Audit Managers and Audit Quality leads (for support as they lead/QC the work of others)

What will I learn?

Recap of RCA fundamentals:

• The difference between immediate, contributing and root causes,
• Why there can be no such thing as one root cause,
• How to address the question of blame, considering human variability and the Just Culture framework.
• The different types of RCA techniques that exist.
• It goes on to look at three out of five of the following RCA techniques most popular with IA teams: 1) the Three way five whys, 2) the Bowtie diagram, 3) the modified Fishbone diagram, 4) the fault tree and 5) causal loop diagrams; and gives practical help how to use these techniques.
• On completion you will be confident how to apply three key RCA techniques and be able to explain these to other colleagues.

Course programme

• Hands on use of key RCA techniques examining a range of risk, compliance, and governance examples.
• A clearer understanding of how such analysis can get ‘off track’ and how to correct this
• Making the connection between RCA and understanding best practices in GRC.
• Seeing more clearly the pros and cons of different techniques

CPE competency areas covered

• Performance (Organisational governance | Risk management | Internal control | Engagements
• Environment (Organisational strategic planning and management)

CPE 7