Auditing in the E&P Industry

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