Focus & Features

This course will provide you with some of the key root cause analysis tools and techniques that can be utilized in the planning, fieldwork, and reporting phases of an internal audit — in order to enhance audit effectiveness, strengthen audit observations reported, and facilitate deeper discussions with management on issues identified.


These tools can be used apart from or in conjunction with existing audit methodologies, tools, and techniques. You will have the opportunity to practice and apply the skills learned during the course through a case study and exercises, which should enable you to integrate the tools and techniques into your audit engagement activities.


Course Objectives

  • Learn and apply the concept risk-based approach in internal auditing.
  • Learn the five elements of an audit issue.
  • Learn and practice the use of common tools and techniques for root cause analysis of audit issues.
  • Learn and practice linking root causes to the components of internal control.


What You Will Learn

  1. Introduction
  2. Root-Cause Analysis (RCA) Defined
  3. Benefits of RCA
  4. Applications of RCA
  5. Internal Audit's Advantage in Conducting RCA
  6. Considerations for Using RCA
  7. Potential Barriers
  8. Possible Root-Causes
  9. Basic Steps in RCA
  10. The Audit Model
  11. Consideration of Internal Controls
  12. The New COSO Internal Control Framework
  13. The 5C's of Internal Audit Reporting (Elements of Audit Issues)
  14. RCA Techniques:

a. Root-Cause Analysis Tools

b. 5 WHY's RCA

c. Fishbone Diagram

d. SIPOC

e. Flowchart

f. CTQ

g. Statistical Correlation

Number of CPE: 3


CANCELLATION POLICIES

  1. Cancellations received 48 hours before the seminar date and no-show will be charged 50% of the registration fee. Request for refund of the remaining fee must be done through email. Expect at least two weeks of processing time upon verification of refund.
  2. Substitutions are allowed if the membership status of the two participants is the same; otherwise, the difference in the ticket price must be settled.


PAYMENT INSTRUCTION

IIAP's new bank account information under UNIONBANK OF THE PHILIPPINES (UBP)


Note that the submission of Proof of Payment is still mandatory for Official Receipt (OR) issuance.

FOR DIRECT DEPOSITS (CASH OR CHEQUE), ONLINE FUND TRANSFERS, WIRE REMITTANCE

Bank Details

Account Name : Institute of Internal Auditors Philippines, Inc.

Bank Name : UNIONBANK OF THE PHILIPPINES

Branch : Insular Ayala-Paseo Branch

Bank Address : GF Insular Life Building Ayala Avenue corner

Paseo de Roxas Makati City

Swift Code : UBPHPHMM

Account no. : 0030 6000 2627 (Peso Checking Account)

Purpose of Transactions : for Seminar/Events Registration and Membership Fees


IMPORTANT! Mandatory submission of proof of payment

via IIAP Website : https://bit.ly/submitProofofPayment

Email it to training@iia-p.org


Location

Virtual set-up/via Zoom

See route

Contact us

For additional event or venue information, please email training@iia-p.orgYou can also reach us at +63 940955118

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