Auditing in the Exploration & Production Industry

MDT International
Aberdeen, Dubai, Kuala Lumpur, London, Perth, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' An intensive training programme designed to improve the skills of those involved in auditing of upstream oil/gas exploration and production activities.

At the end of this course you will have enhanced your understanding of the various audit principles and practices being applied today.You will be able to:

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

The course concentrates on aspects of auditing unique to the E&P business.

Introduction
• Origins and purpose of audit
• Audit types

Audit Concepts
• Independence - its application in different types of audit
• Controls ¨C objectives of controls and their application
• Risk assessment ¨C techniques to determine audit priorities

Audit Techniques
• Audit preparation and planning ¨C to ensure an effective audit
• Testing/sampling ¨C techniques to verify accounts, system, or controls
• Interviewing techniques
• Flowcharting techniques and their application
• Reporting
• Team management ¨C to ensure resources are used effectively

Internal Audit
• Developing a model of internal best practice
• Contract audits

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

...''

Phone:+44 1224 561521

School Address:

MDT International
45 Albert Street, Aberdeen
AB25 1XT, United Kingdom

Jobs & Resumes: Aberdeen, Dubai, Kuala Lumpur, London, Perth
Houses & Roommates: Aberdeen, Dubai, Kuala Lumpur, London, Perth

Mastering Finance for Non-Financial Managers in the Petroleum Industry
Exploration & Production Accounting
Financing Petroleum Projects
Profit Improvement Toolkit for Service Companies
Petroleum Project Economics & Decision Making
Field Development Economics and Risk Management
Creating & Managing the Asset Based Company
Creating Shareholder Value
Developing & Implementing Production Sharing Contracts
Procurement Contracts & Supply Chain Strategy
Procurement Contracts & Supply Chain Management

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