GETTING TO THE ROOT OF THE MATTER: ROOT CAUSE ANALYSIS TECHNIQUES FOR AUDITORS.

Position:AUDIT FUNDAMENTALS - Brief article
 
FREE EXCERPT

FOR: PRACTITIONERS. MANAGERS

LEVEL: INTERMEDIATE

DESCRIPTION:

As auditors, we often hear that the "auditor just doesn't understand my business." Coworkers can feel this way as a reaction to the proposed action and remediation plan. If an audit team doesn't perform effective root cause analysis to gain that understanding and buy-in from the audit client, the recommended action oftentimes will not solve the root cause and problems will persist. To add value, an audit must address the root causes of the issues and exceptions identified--not just the symptoms. This course introduces you to the...

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