Course Objectives
This is a 3-day intensive, interactive and effective course on the auditing principles and practices specific to the international oil and gas industry. Course participants will gain in-depth insights into the key risks confronting the industry and best practice audit methodology with hands-on application that can be implemented in the workplace with immediate results.
In Specific You will Learn and Master:
· various aspects of an oil and gas company’s value chain – upstream, midstream and downstream
· drilling operations and the audit risks arising from cost allocations
· main agreements (JOA and PSC) used in the industry
· distinct roles of the joint venture auditor and government auditor
· hands-on ability to analyse a transaction listing (JADE) for audit planning
· revenue accounting and the implications for audit
Most Effective Facilitation Method
This course will have a blended learning approach comprising lecturing, questioning, analysis, listening, storytelling, structured case studies, workshops/worked examples and discussion. Calculators/laptops will be necessary throughout the course.
One of the key points of differentiation of this course is that participants will be given access to transaction data which they will be asked to analyse for the purposes of planning the audit. This hands-on approach will be invaluable and the skills learned will be immediately applicable on audits upon completion of this course.
Participants will also be led through worked examples by the Facilitator before being given the opportunity to complete structured case study questions in groups. The opportunity to work in groups will help to build teamwork and communication skills needed to tackle the challenging auditing work.
There will be special emphasis on helping participants to understand the possible scenarios and challenges they may face, and how they may be dealt with back at the workplace.
Role Play: The Facilitator will arrange the participants into two groups (auditors and operators) and conduct the role play exercise on the final day of the course which will be highly interactive and an opportunity to implement the learning during the course.
For a copy of the FULL AGENDA, please contact:
Hayat
Telephone: +65 6557 9167
Email: hayat@neo-edge.com
Kuala Lumpur, Malaysia | October 19-21, 2016