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Audit Essentials: Engagement Planning and Risk Assessment, Root Cause Analysis, Audit Follow-up

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Before starting this self study program, please go through the instructional document.


  • Root Cause Analysis And When It's Used
    8 mins
  • RCA Tools and Methods
    27 mins
  • 5Y - Transitional Cause
    52 mins
  • Critical Thinking Exercise
    79 mins
  • Initial Cause Hypothesis
    118 mins
  • Perception vs Reality
    145 mins
  • What Do the Standards Say?
    177 mins
  • Group Exercise
    220 mins
  • Knowledge Gathering
    242 mins
  • Key Controls for Everyone
    275 mins
  • Updated Engagement-Level Risk Assessment (Residual RIsk)
    305 mins
  • Workpaper Documentation Concepts
    341 mins

Course Description

This 6 CPE course takes attendees through an overview of the audit process, end to end, and how to create value-added findings. Additionally, to create value-added findings, auditors must be able to complete a detailed root cause analysis and components of a finding, which will be discussed. Finally, the means, timing and method of follow-up will be discussed, including tracking and efficient follow-up procedures.

Engagement Planning and Risk Assessment

Planning is the foundation for every efficient and effective audit. If audit teams take the time to build an effective audit risk assessment and plan the audit accordingly, the opportunity for a smooth and under budget audit increases exponentially. This online CPE course will take attendees through the basics of audit-level risk assessments and appropriate steps throughout the planning phase of an audit.

Major topics covered about engagement planning and risk assessment in this online CPE webinar:

  • The importance of audit planning
  • Engagement Risk Assessment Process
  • Audit Planning Process
  • Walkthroughs/ Narratives / Documentation
  • Keys to build an effective work program

Root Cause Analysis

Have you ever communicated a recommendation only to discover the implemented recommendation didn’t resolve the problem?

Do you feel like you identify symptoms of problems?

Does your organization use the Band-Aid approach to correcting communicated audit findings?

If you answered yes to any of these questions, this CPE course is for you.

While management should perform root cause analysis, they often don’t have the time and will simply implement a recommendation provided by the auditors. This means that auditors must complete a root cause analysis. However, identifying the root cause is hard and often overlooked by auditors. Moreover, the root cause may be politically sensitive when communicated by auditors.

Performing a Root Cause Analysis will allow you to investigate problems, perform a cost-benefit analysis, and identify the true cause of your organization’s audit findings. By understanding and employing a Root Cause Analysis, you will be able to assist your organization to increase productivity and decrease inefficiencies.

By understanding and employing the basic techniques associated with Root Cause Analysis, you will be able to assist your organization to increase its productivity and decrease its inefficiencies.

Major Topics covered about root cause analysis in this CPE course:

  • Root cause analysis and when it is used
  • Why is root cause integral to audit success?
  • How to perform root cause analysis?
  • What are the RCA tools and methods?


Audit Follow UP

If performed ineffectively, audit follow-up can be a time consuming and non-value added endeavor. The speaker Danny Goldberg will explain the importance of audit follow-up and how to perform it in an efficient and effective manner.

Major topics about audit follow up covered in this online continuing education course:

  • What is audit follow up?
  • Why do follow up work?
  • Why is follow up necessary?
  • What is the real value of follow up?
  • What should be the timing/ method of follow up?

Learning Objectives

  • To determine how to identify audit risk and appropriate audit planning tools and techniques.
  • To determine how to apply critical thinking skills to the planning and risk assessment phase to perform an effective audit.
  • To discover the best techniques for team management.
  • To develop the foundation for effective root cause analysis.
  • To describe how to apply root cause analysis methods and explore tools and techniques for analyzing causes.
  • To describe the elements and the operation of a Root Cause Analysis, and its principal processes.
  • To describe the means of conducting a Root Cause Analysis.
  • To discuss the concepts, approaches, methods and techniques used for the application of a Root Cause Analysis.
  • To develop the foundation for effective root cause analysis.
  • To review and apply the root cause analysis methods to problem solving.
  • To explore tools and techniques for analyzing causes.
  • To discuss importance of audit follow-up and how to perform it effectively.
  • To describe how to effectively communicate findings and analyze and understand root cause analysis.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Auditors
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA