This research aims to introduce the principles of Banking Governance, and how the
Syrian Industrial Bank, in particular, meets the requirements of Banking Governance in
the Governance’s guidebook issued by the Monetary and Credit Council, resolutio
n No.
(498) for the year 2009 at conventional Banks in Syrian Arab Republic. The results show
that there is a lack of commitment by the Industrial Bank with respect to some procedures
in the Governance's guidebook, such as the lack of commitment by the Board of Directors
in doing tasks and taking responsibilities, the absence of specialized committees for risk
management, governance, and awards, misapplying the principles of disclosure and
transparency by the Interior Control, and finally the need to increase trust and credibility
with stockholders. Hence, the recommendations proposed reflect the results obtained.
This resaerch aims at studying the relationship between internal audit procedures
related to risk management and financial reporting reliability in private banking sector
which is considered as the most important one affected directly by the econom
ical
development; and which its results are reflected on the whole financial society. That occurs
by clarifying the procedures contribution in examining and evaluating risk management
effectiveness, besides their roles in enhancing and developing it to increase financial
reporting reliability.
The study concluded that:
Examining and evaluating risk management by internal audit enhances financial
reporting reliability according to internal and external auditors.
Also There is no significant differences in opinins between internal and exernal
auditors about the effet of risk management’s internal audit procedures on the financial
reporting reliability.
Construction projects are subject to risks and uncertainties which affect project targets (cost,
time, quality and safety).
This paper reviews risks and their effects on construction projects in Syria, and it aims to
develop risk management framew
ork.
In this work, risks in construction projects have been defined based on the literature review
and interviews of some experts in the construction field.
A questionnaire was designed to define the probability of risk occurrence and their effects, also
to define the level of their effects by multiplying the probability occurrence with the effects.
Another questionnaire was designed to define the extent of the effects of the most important
risks on each target of the project, and to specify the procedures applied as a response to the
risks.
The results of this research revealed that "the Inflation, price changes" and "the difference
between contracted quantities and actual quantities " are seen as the most important risk,
where the studied risks in this work affect the schedule more than any other project targets.
Also the results showed that avoiding the risks at the construction stage is the most used action.
The Dams are large and complex projects, and are generally characterized by the
enormous cost of implementation in some cases, and the length of the implementation
period, are rarely carried out a dam in Syria within the estimated plan which develo
ped his
of the cost and time, this is due to the risks that intercepted projects during the
implementation phase and directly influenced the basic project objectives ( cost and time
and quality).
This research experiences to the reality of the implementation of the late dams,
through undertake a study the risks suffered by the implementation of sector and
influenced the basic objectives of the project (cost - time - quality), through a field survey
study includes more than thirty-five dams in Syria.
For this purpose have been used survey was distributed to a slice of experts and
technicians in the form of dams, has enabled to obtain a list of the risks faced by the
implementation of dams in addition to the assessment, In an attempt to develop a scientific
methodology to analyze and manage the risks of dam projects by assessing the probability
of their occurrence and their impact on the objectives of the project in the event of
occurrence, with introduce a new standard for evaluating a detection / control, As per the
approach to FMEA /Failure Mode and Effect Analysis/ and incorporate logic fuzzy, and
arrange those risks according the Risk Criticality Number (RCN) for each risk early in
order be sensitive to them than we can handled properly with proposing appropriate
response strategies.
Project risk management plays a pivotal role in the decision-making process, this research
aims mainly to study the impact of the dimensions of project risk management in contraction firms
operating in the Syrian coast on the quality of decision-ma
king and to identify the most influential
dimension in the interpretation of this quality.
The researcher had followed the survey method in his study, and the study population was
included all construction companies operating in the Syrian coast. The researcher adopted
probability sampling (random sampling), and the study sample size was 75 units. The researcher
used a measure of the maturity level of project risk management that developer by (Ciorciari &
Blattner, 2007), and another instrument to measure the quality of decision-making designed by
(Donelan, 2013).
The findings of this study shows that There is significant positive relationship between
events identification and the quality of decision-making and events identification variable occupies
first place among project risk management dimensions in terms of impact on decision making
quality, because this dimension explains a rate equal (9.61%) of decision making quality. The
relationship between the dependent variable quality of decision-making and the seven remaining
dimensions of risk management projects namely (monitoring of risk management - risks response -
objective setting - risk assessment - control activities - risk management culture - information and
communication) is a positive and significant relationship, and risk management as a whole explain
what percentage of (22.6%) of the quality of decision-making.
The most important recommendations reached by the researcher that the contraction firms
working in the Syrian coast should to spread the risk management culture at all levels of
management to enhances the application processes PRM because it will reflect on a more quality of
decisions making.
this
study a questionnaire was implemented as a primary procedure for
any methodology of risk management, and send out to the experts
who work in the field of construction, in order to evaluate the
reality of our projects as well as determine the
serious problems,
and all of this aim to form checklists including the major risks
which the our projects are facing to be as a guide for early risks
alert, to adopt the proper responses to deal with them.
The risk identification is the first stage of risk management process, and all the subsequent
stages (such as risk analysis, assess, response policies and control) are based on it. The more you
identify risks truly and accurately will therefore inc
rease the accuracy and validity of all subsequent
stages in risk management process. On the basis of the importance of this phase this research came
to explore and identify the main risks facing the construction companies operating in Syria.
We follow the descriptive study in his research based on the problem of the study and the
objectives it seeks to achieve. The study population included all construction companies operating
in Syria. The researcher used a questionnaire specifically designed to identify risks in construction
companies by (Zou, et al., 2006) and the student conditioned its questions with the Syrian
environment.
The findings of this study show that inflationary risks ( materials cost- hand labor wages -
transportation costs) are one of the fundamental risks facing construction companies operating in
Syria, in addition to the absence of risk management culture is a major threat because it keeps a
bulk of the unknown risk and thus its effects and consequences are unknown, it noted the absence
of insurance culture at various stages of the work, making things very critical when risks and work
accidents occurs.
The most important recommendations reached by the student is:
1-The construction companies operating in Syria must organize construction contracts in a
way that include in its provisions the possibility of higher prices and the possibility of modifying
the value of the contract.
2- Risk management is an important process at all administrative levels. It can help in
determining the potential risks that may be faced and handling them.