Auditing in the Oil and Gas Industry

What Will You Learn?

• Day 1: Introduction to Auditing in the Oil and Gas Sector
• Overview of Oil and Gas Operations
• Unique Aspects of Auditing in the Industry
• Regulatory Environment and Compliance Requirements
• Role of Auditors in Oil and Gas Companies
• Day 2: Risk Assessment and Internal Controls in Oil and Gas
• Identifying and Assessing Risks in Oil and Gas Activities
• Internal Control Frameworks in the Industry
• Evaluating Control Effectiveness
• Fraud Detection and Prevention Strategies
• Day 3: Exploration and Production Auditing
• Auditing Exploration and Drilling Activities
• Reserves Estimation and Reporting
• Joint Venture Auditing
• Revenue and Royalty Audits
• Day 4: Downstream Auditing: Refineries and Petrochemical Operations
• Auditing Downstream Operations
• Inventory Valuation and Management
• Pricing and Margin Analysis
• Environmental and Safety Compliance Audits
• Day 5: Financial Reporting and External Audits
• Financial Statement Audits in Oil and Gas Companies
• International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) Compliance
• Auditing in Multinational Oil and Gas Corporations
• Case Studies and Best Practices in Oil and Gas Auditing