Quality Management: Performing a Root Cause Analysis - Society of Louisiana Certified Public Accountants

Overview

Explore how root cause analysis can help firms identify underlying issues, strengthen remediation efforts, and enhance the overall effectiveness of their system of quality management.

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.