Management, in accordance with the most important modern features, is an open system consisting of several integrated parts, which are contained in a larger economic system, all operating under an international system, This means that organized administrative work is self-integrated and interactive with its environment.

From the above, we conclude that orderly administrative work can vary from one institution to another. It is a mistake to deal with all institutions or establishments with one typical treatment, without even distinguishing between their internal parts. This requires the existence of many administrative and organizational structures that are renewable and changing with circumstances. Successful environment is clearly encountered and understood and acted with wisdom and guidance to reach the orderly administrative work.

This Course is provided for the following Target Audience:

• Directors and owners of large commercial and industrial companies.
• General Managers in public and private companies.
• Directors of internal audit offices in companies.
• Managers of the audit and audit department in companies.
• All employees in the field of financial control in companies.
• All students seeking contemporary approaches in financial auditing and how to detect risks.

How participants will benefit from attending a riskـbased audit course:

At the end of the course, the participants will know:

• Methods of modern and contemporary financial auditing and its role in building the mechanism of work and directing management.
• Risks and problems that may be discovered by company managers through the company’s auditors and financial auditors.
• The great role of financial auditing and the role of internal audit offices in avoiding the company’s financial problems.
• Disclosing the problems and mistakes of the company’s financial accountants and reviewing the financial reports.

• Risk Management Philosophy.
• Risk Management Risk Management Laws, Principles and Standards.
• Risk Risk Management - Implementation Strategy / Plan.
• Methods of risk assessment.
• Precautions to be taken for avoiding risks.
• Relationship between risks and the institution policies and procedures.
• Reasons for assessing risks and taking the necessary precautions.
• Methods of certification of risk assessment and necessary precautions.
• Methods of dealing with some risks resulting from corruption.
• The proper time to take the necessary precautions.
• Risk assessment categories.
• Risk assessment field work.
• Project Valuation.
• Overview The Need for Project Valuation Factors Affecting the Project Valuation.
• Base of Change in Financial Status.
• Project Assessment Methods.
• Current Value of Cash Flows Current Net Value.
• Internal Rate of Return.
• Return on Maturity, and Return Period.
• Responsibility and Impairment.
• Regional Evaluation.
• Special Cases, Preferences of Project Interactions.
• Investment concept.
• Study of investment opportunities.
• Feasibility study of investment.
• Technical feasibility study.
• Marketing feasibility study.
• Final Evaluation.
• Project implementation stage.
• Transactions stage and its characteristics.