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Quality Management: Performing a Root Cause Analysis

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Non-Member Price $109

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Overview

Root cause analysis is a powerful tool for understanding why quality issues arise, and for preventing them from recurring.

This webcast examines the principles and objectives of a root cause analysis and how it aligns with SQMS No. 1’s focus on continual improvement.

Learn practical approaches for:

  • Identifying underlying causes of findings and deficiencies
  • Evaluating contributing factors
  • Implementing meaningful corrective actions

    We'll also explore how this process can help firms of all sizes to:
  • Enhance audit quality
  • Strengthen remediation activities
  • Foster a culture of proactive problem-solving

    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.

    • Leader(s):

    Leader Bios

    Michael Brand, AICPA

    Michael L. Brand, CPA is a partner in the firm of Johnson, Feigley, Newton & Brand in Athens, Alabama. For the past 20 years, he has been involved in all aspects of public accounting with in emphasis in accounting, auditing, and review services. He also teaches continuing education classes and has been a speaker at several conferences nationwide. He is the current chair of the Alabama Society of Certified Public Accountants Peer Review Committee.

    Brand’s experience involves audits, reviews, and compilations of various for-profit industries, not-for-profits, and governmental entities. He was formally on the Peer Review Board, Joint Trial Board, and the Quality Control Standards Task Force. In 2010 he received the Outstanding Discussion Leader Award.

    Brand received his BS in accounting from the University of North Alabama.

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    Non-Member Price $109

    Member Price $89

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