Description
SUITABLE:
Anyone working in the upstream oil and gas industry wanting to learn about or update auditing techniques, as well as professional accountants with a background in statutory audit who want to learn about internal and joint venture audits.
OBJECTIVES:
By the end of the course, delegates will:
- Improve auditing skills
- Enhance the understanding of audit principles and practices that are unique to E&P business
- Learn how to apply a structure methodology for conducting internal, production-sharing and joint venture audits, implement a multidiscipline team approach to audits, and adopt a model of audit best practices.
SUMMARY:
- Introduction to audit and types of audits
- Audit principles, techniques, planning, risk and interviews
- Flowcharting
- Audit testing, sampling and reporting
- Internal auditing control
- Operational and contract audits
- Joint venture auditing and adopting best practices
- Auditing issues and accounting procedures for production-sharing contracts
