Auditing in the Exploration & Production Industry

HOT Engineering

Short course

In Vienna (Austria)

£ 2,707.27 + VAT

*Indicative price

Original amount in EUR:

3,150 €

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Description

  • Type

    Short course

  • Level

    Intermediate

  • Location

    Vienna (Austria)

  • Duration

    5 Days

This is an intensive and highly practical training program designed to improve and enhance the skills of participants involved in auditing upstream exploration and production activities, concentrating on aspects of auditing that are unique to this industry.
On completion you will be able to conduct and/or participate in internal, production sharing and joint venture audits.

Facilities

Location

Start date

Vienna (Austria)
Tba, 00000

Start date

On request

About this course

By the end of the course you will feel confident in your understanding of:

• How to apply a structured methodology for conducting oil industry internal, production-sharing and joint-venture audits
• How to implement the benefits of a multi-discipline team audit approach
• How to adopt a model of best practice for conducting audits
• How to apply a risk-based approach to audit
• How to investigate fraud

This course is designed for you, if you are...

• New to the discipline of audit
• An experienced audit practitioner who wishes to update your auditing techniques
• From any discipline intending to take part in internal or joint-venture audits
• Someone with a background in statutory audit in the accountancy profession wanting an insight into internal and joint-venture audits

Extensive use is made of realistic oil industry-based exercises and case studies to reinforce key teaching points and to provide participants with opportunities to apply the knowledge gained in a practical and enjoyable format.

We look forward to hearing from you and endeavour to respond to your inquiry as quickly as possible!

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Subjects

  • Auditing in the E&P Industry
  • Auditing
  • Audit Types
  • Audit Concepts
  • Audit Techniques
  • Production-Sharing Contracts Audits
  • Internal Audits
  • Joint-Venture Audits
  • Key Aspects of E&P Auditing

Teachers and trainers (1)

To be Announced

To be Announced

Instructor

Course programme

Topics
  • Introduction
    - Origins and purpose of audit
    - Audit types
  • Audit concepts
    - Independence - its application in different types of audit
    - Controls - objectives of controls and their application
    - Risk assessment - techniques to determine audit priorities
  • Audit techniques
    - Audit preparation and planning - to ensure an effective audit
    - Testing/sampling - techniques to verify accounts and controls
    - Interviewing techniques
    - Flowcharting techniques and their application
    - Reporting
    - Team management - to ensure resources are used effectively
  • Internal audit
    - Developing a model of internal best practice
    - Contract audits
    - COPAS AG - 9 & 11
  • Production-sharing contracts audit
    - Background
    - Key aspects of audit
  • Joint-venture audit
    - Developing a model of joint-venture audit best practice
    - The audit cycle - planning, implementation, results, reporting
    - Joint-venture accounting and the major audit issues that arise
    - Multi-venture audits
    - UKOOA SOAP 2

Additional information

Course Date: 5-9 August 2019
Course Duration: 5 days
Course Location: Vienna, Austria
Course Fee: 3150 EUR + VAT

Applicable VAT will be added.


All our courses are held at top quality hotels with excellent meeting facilities.

Please inquire for more details!

See related categories

Auditing in the Exploration & Production Industry

£ 2,707.27 + VAT

*Indicative price

Original amount in EUR:

3,150 €

The best Oil and Gas Industry courses

See all

See all