Every project carries risk — from weak internal controls to decisions that quietly drain a company’s finances. This Project Risk Assessment and Financial Auditing Training Course by the Arab British Fellowship Training Academy equips directors, audit teams and financial-control staff with a structured way to spot those risks early, tie them back to institutional policy, and act before they turn into real losses.

Participants work through how modern financial auditing builds and directs sound management practice, how internal audit offices catch problems auditors alone might miss, and how to read financial reports critically enough to flag accountants’ errors before they spread. The course also covers how to organise a project team around this work — from planning and task allocation to evaluating team performance — so that risk assessment becomes part of how the project runs, not an afterthought.

Who Should Attend?

• Directors and owners of large commercial and industrial companies, and general managers in public and private organisations.
• Directors and managers of internal audit and audit-review offices.
• Financial-control staff and students exploring modern approaches to financial auditing and risk detection.

By the end of the course, participants will be able to:

• Apply modern financial auditing methods and use them to direct management decisions.
• Identify the risks and problems that company auditors and financial reviewers are best placed to uncover.
• Explain the role financial auditing and internal audit offices play in avoiding a company’s financial problems.
• Review financial reports critically enough to disclose accountants’ errors and mistakes.
• Assign project team tasks and evaluate team performance as part of the audit and risk process.

Module 1: Setting Up the Project Team for Risk Work

• Organising human resources and development plans within a project.
• Building a project management plan and a program planning scheme.
• Assigning project team tasks and evaluating team performance.

Module 2: Connecting Risk to Institutional Policy

• The relationship between risk and an institution’s policies and procedures.
• Why and when risks need to be assessed, and the right time to take precautions.
• Certifying risk assessments and the precautions taken.

Module 3: Assessing and Categorising Risk

• Categories used to classify different types of risk.
• Field work involved in carrying out a risk assessment.
• Methods for handling risks linked to corruption.

Module 4: Financial Auditing in Practice

• Modern and contemporary financial auditing methods and how they direct management.
• Risks and problems that company auditors and financial reviewers are positioned to uncover.
• The role of internal audit offices in avoiding a company’s financial problems.
• Reviewing financial reports and disclosing accountants’ errors.