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

  • Accountant
  • CPA (CA)
  • CRMA
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CWS

Published: December, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • 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.

Recommended For

  • This CPE course is recommended for CPAs, CIAs, and auditors with any level of audit experience who want to understand and utilize leading practices in internal auditing.
  • This online CPE course is recommended for CPAs or Internal auditors performing audits, communicating results, and making root cause analysis recommendations.
  • This CPE course is valuable for auditors who are/will be responsible for the planning and project management of an audit.

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

Course Qualification

Webinar Qualifies For

  • 6 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 6 CPE Credit for Internal Audit Practitioner (IAP)
  • 6 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 6 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 6 CPE Credit for Certified Government Financial Manager (CGFM)
  • 6 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 6 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 6 CE Credit for Certified Wealth Strategist (CWS)
  • 6 General Credit for Accountant/Bookeeper
  • 6 CPD Credit for CA - ICAEW
  • 6 CPD Credit for Chartered Certified Accountants (ACCA)
  • 6 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 6 CPD Credit for Chartered Accountants - Scotland
  • 6 CPD Credit for CPA - Ireland
  • 6 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 6 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 6 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 6 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 6 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 6 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 6 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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About Presenter

Danny Goldberg

President, GoldSRD

Danny M. Goldberg is the Founder of GoldSRD (, a leading provider of Staff Augmentation, Executive Recruiting and Professional Development services.  Danny is a well-known speaker on internal auditing and People-Centric Skills, co-authoring People-Centric Skills: Communication and Interpersonal Skills for Internal Auditors, via Wiley Publications.  People-Centric Skills, 2nd Edition, the follow-up to this critically acclaimed book, is currently available via Amazon and through GoldSRD at a discounted rate. 

Danny has over 22 years of professional experience, including five years leading/building internal audit functions.  Danny was named as one of the Fort Worth Business Press 40 Under 40 for 2014. 

He is a thought-leader in the profession, recognized through his numerous articles in trade magazines and consistent rating as a top speaker in the industry.  Mr. Goldberg is also accredited as the Professional Commentator of the Bureau of National Affairs - Internal Audit: Fundamental Principles and Best Practices (Professional Commentator).  This book was authored by renowned audit scholars Curtis C. Verschoor and Mort A. Dittenhofer – coauthor of Sawyer’s Internal Auditing. 

Mr. Goldberg is an active member of the Institute for Internal Auditors, both at a local and national level.  Leadership roles include: 

  • Current IIA Dallas Chapter Board Member and Programs Committee Co-Chair
  • Former IIA Fort Worth Chapter Board Member and Programs Committee Co-Chair
  • Former Member of the IIA North America Learning Committee (2015)
  • Former Volunteer Chairman of the American Lung Association (2014)
  • Former Audit Committee Chairman/Director at numerous religious organizations

Danny is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified in the Governance of Enterprise Information Technology (CGEIT), Certified in Risk and Information Systems Control (CRISC), Certified in Risk Management Assurance (CRMA), has obtained his Certification in Control Self Assessment (CCSA) and is a Chartered Global Management Accountant (CGMA).

About Company

GoldSRD focuses its efforts on three core practices in addition to special projects:

- Staff Augmentation: We have a vast network of very capable and experienced temporary employees that fill your organization’s needs within 72 hours of the request. Our process is differentiated from competitors due to the in-depth review process we perform on candidates.

- Executive Recruiting: Due to our expansive network of very capable and experienced resources, we are able to target not only the right background but ideal personality fit to fill your organization’s needs.

- Professional Development: Our Founder, Danny M. Goldberg, is a renowned speaker and trainer on internal audit, accounting, finance, and soft skills. We have over 100 full-day courses and can customize to your needs. These courses include topical matters on Internal Audit, Audit, Finance and People-Centric© (Soft Skills). With over 100 professional organizations and 30 Fortune 1000 customers, we have the experience and know-how to create a successful, fun, interactive and objective-based course.


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Ratings and Review


9 Ratings



Very Good









Iwona Mierzwa, CPA (US)

Jun 21st, 2022

Not at all what I expected. Instructor was tired and boring. He yawned so many times during the lecture that I found disrespectful to students. He also spent first ten minutes talking about his book which had nothing to do with class. Wasted time that should have been spent learning. I had to force myself to listen to the lecture and barely got through it. I did not learn anything.

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