Root Cause Analysis for IA : A Virtual Seminar

Home

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

Introduction
Root-Cause Analysis (RCA) Defined
Benefits of RCA
Applications of RCA
Internal Audit's Advantage in Conducting RCA
Considerations for Using RCA
Potential Barriers
Possible Root-Causes
Basic Steps in RCA
The Audit Model
Consideration of Internal Controls
The New COSO Internal Control Framework
The 5C's of Internal Audit Reporting (Elements of Audit Issues)
RCA Techniques:

a. Root-Cause Analysis Tools

b. 5 WHY's RCA

c. Fishbone Diagram

d. SIPOC

e. Flowchart

f. CTQ

g. Statistical Correlation

Who Should Attend

This course is designed for:

Chief audit executives who would like to gain an understanding of how root cause analysis, concepts, tools, and techniques can be incorporated into their internal audit department's audit strategy to enhance audit effectiveness and value add.
Audit managers interested in learning how to lead and manage root cause analysis efforts on their audit projects.
Auditors-in-charge who want to develop skills for using root cause analysis tools and techniques in supervising their audit projects.
Senior and staff auditors seeking an opportunity to practice root cause analysis tools and techniques on their audit engagements.

Number of CPE: 3

Privacy Notice: We collect your personal information to register you in our training/ membership events and photos/videos will be taken for evidentiary purposes in relation to IIAP Seminars. We will use this information to provide services regarding your attendance and if you agree, to send you marketing information.

By giving us your personal information you consent to our use of it for the purposes described in this Privacy Notice.

Speakers

Joseph Arlan Fajardo, CPA, CIA, CISA

Director of Tao Corporation

Joseph is both a CPA, CIA and CISA with more than 20 years of experience in the field of Internal Auditing, Quality Assurance, Management and Tax Advisory, and the Academe.

Currently, he is the Director for Corporate Planning of Tao Corporation, a leading supply-chain services company, one of the top 500 companies in the industry, and top 100 companies in the Philippines in terms of consolidated revenue and President of I Can Capital Lending, Inc. He is responsible for facilitating the establishment of risk management process in Tao community of companies and for enhancing the implementation of risk-based internal audit approach. In his short stint with the Tao Corporations he has facilitated the establishment of risk management framework and initial risk management in TriDharma Marketing Corporation which one of the top earning subsidiaries of Tao Corporation. Before moving to his current company, he was the Internal Audit Manager, (Department Head) of East-West Seed Company, Inc. (EWSCI), the leader in tropical vegetables seed in Southeast Asia with sister companies in Thailand, Vietnam, Indonesia, India, South Africa, China, and Myanmar. He was responsible for the establishment of the first Internal Audit Function in the Group. He also introduced Enterprise Risk Management in the company facilitating the first risk assessment exercise by the Board of Management (BOM) and the first risk management workshop by the functional managers. He reports functionally to the President and administratively to the Country General Manager. He also performs internal audit reviews of East-West Seed International, East-West Regional Operating Headquarters, East-West Thailand and Hortigenetics Reearch SE Asia.

He is also a CPA review lecturer in the Baliuag University teaching Management Advisory Services and Theory of Accounts. He also teaches in the Baliuag University College of Business Administration and Accountancy on the subject of Managerial Accounting, Management Consultancy, Managerial Finance, Advance Accounting 2 and Tax Planning, among others. Baluiag University is the first and only autonomous private university in Bulacan.
His past professional work experiences included his being an Internal Audit Head of Sports and Gaming Entertainment (SAGE), an on-line gaming company. He also had a stint in AMA Education System as Internal Audit Supervisor.

He also worked in Asahi Allglass (Asia) Pte. Ltd., Singapore as Quality Assurance Supervisor cum Assistant Management Representative. Among his responsibilities is to assist the QA Manager cum Management representative in overseeing the consistent daily operations of the Quality Management System, preparation for the ISO:9000 -9003 Certification and the Australian Product Certification, among others. Notable among his achievements is the general review and revision of the Quality Assurance Manual of the company and he authored the 3-point quality check which was adopted as part of the standard quality procedures.

He also worked in RBL Fishing Corporation as an Internal Audit Staff.
Joseph is an active member of IIA Philippines as former Chair of Marketing Committee and Professional Development – IIA-P and resource speaker for public run and in-house seminars.

Member

Member Price₱995

Non Member

Standard Price₱1,995

REGISTRATION AND CANCELLATION POLICIES

All registrations shall be paid prior to the actual event/ seminar date.
If cancellations were done with proper communication received at least 7 calendar days before the event/ seminar date, 100% of the registration fee will be automatically credited as a training fund.
If cancellations were done with proper communication received one (1) to six (6) calendar days before the event/ seminar date, only 50% of the registration fee will be automatically credited as a training fund.
Cancellations with or without proper communication made on the same day of the event/ seminar may result to "no show" and forfeiture of payment.
Substitutions are allowed as long as the replacement has the same membership status; otherwise, the difference in the ticket price must be settled.

PAYMENT INSTRUCTION

Payment should be made through IIAP's bank account under UNIONBANK OF THE PHILIPPINES (UBP).

Note that the submission of Proof of Payment is still mandatory for Invoice issuance.

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

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

FOR ONLINE CREDIT CARD PAYMENT

Pay online using corporate or personal credit card

https://bit.ly/PayIIAPSeminarsEventsOnline

https://bit.ly/PayCIASeminarOnline

https://bit.ly/PayIIAPMembershipOnline

IMPORTANT!

For the 'Reference Number', enter either the Billing Statement Number, or GlueUp Registration Number for Seminars and Events
Make sure to select 'Global Payments' during checkout
These bit.ly links are Case Sensitive

IMPORTANT! Mandatory submission of proof of payment

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

Email it to: training@iia-p.org

Institute of internal Auditors Philippines, Inc.

Contact us