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5 DaysAuditing in the exploration and production industry

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Course Objectives

This is an intensive training programme designed to improve and enhance the skills of personnel involved in auditing upstream exploration and production activities, concentrating on aspects of auditing that are unique to this industry.

What you will learn

  • 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

Training method

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

Who Should Attend?

  • personnel who are new to the discipline of audit
  • experienced audit practitioners who wish to update their auditing techniques
  • personnel from any discipline who intend to take part in internal or joint-venture audits
  • personnel with a background in statutory audit in the accountancy profession who want insights into internal and joint-venture audits

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Course Content Summary

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

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Location Duration Dates Cost (GBP) Venue  
Dubai 5 days 10.10.10 - 14.10.10 £2,490.00 Towers Rotana Book Now
Kuala Lumpur 5 days 08.11.10 - 12.11.10 £2,490.00 Crowne Plaza Hotel Book Now
London 5 days 13.12.10 - 17.12.10 £2,490.00 + vat = £2,925.75 The Hatton Book Now
Perth WA 5 days 28.03.11 - 01.04.11 £2,590.00 Holiday Inn City Centre Book Now
Dubai 5 days 24.04.11 - 28.04.11 £2,590.00 Towers Rotana Book Now
Kuala Lumpur 5 days 23.05.11 - 27.05.11 £2,590.00 Crowne Plaza Hotel Book Now
London 5 days 27.06.11 - 01.07.11 £2,590.00 + vat = £3,043.25 The Hatton Book Now
Dubai 5 days 02.10.11 - 06.10.11 £2,590.00 Towers Rotana Book Now
Kuala Lumpur 5 days 07.11.11 - 11.11.11 £2,590.00 Crowne Plaza Hotel Book Now
London 5 days 12.12.11 - 16.12.11 £2,590.00 + vat = £3,043.25 The Hatton Book Now

“Very well structured and presented course.”

Firmino Lucebo - Sonangol

"Interesting subjects with good practical - real examples from the E&P business. Very useful training."

Catarina Leeshouts - Shell

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