Over the past 14 years working in the internal audit arena I have seen a growing interest in the topic of Root Cause Analysis (RCA). My involvement in the topic has evolved from using it as part and parcel of a “lean auditing” approach, to running RCA webinars and seminars for the IIA UK, to the delivery of various in-house training workshops on this topic, and now more recently, offering a 1 day open course on RCA, as well as supporting the IIA UK to write a new practice guide on the topic.
This article explains:
- What Root Cause Analysis is
- What involvement should IA have in RCA
- Why effective RCA is not as straight-forward as you might think
- Why RCA is gaining interest in audit
- Some practical steps audit teams can take
What is RCA?
RCA is about identifying why an issue occurred compared to simply reporting the issue, or its immediate or contributing causes. The issue could be an error, non-compliance, and non-delivery of an objective or anything else that would be regarded as a failure or problem in the eyes of stakeholders. Continue Reading