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?